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Re: MAGA_PATRIOT post# 152219

Friday, 06/03/2022 11:50:18 AM

Friday, June 03, 2022 11:50:18 AM

Post# of 198928
I tried that strategy for awhile. It's a good way to save money (unless the big news drops while I'm cashed out) but I also have to be really good at picking a reentry, or have iron-willed patience to not take a bad reentry if it suddenly starts to run. Without micromanaging things, and waffling whether to get back in or wait longer, I wasn't making a ton of headway.

Other than my long core, I did sell a bunch around .15 last year and haven't reinvested that money in ENZC yet. So far that's been working out - I could rebuy for almost triple now. But when this moves it can move pretty fast, so if I'm caught off guard I might be forced to buy back in at .16+. (I'd still rather do it this way to control the risk, since the current downtrend is real, the company has made no fundamental change to correct this, and future gains are speculative.)

Also as pointed out by someone else, swing trading isn't necessarily a good idea if you've been long more than a year and your shares now qualify for long-term capital gains.

This is not investing advice, just wanted to add some personal experience to the mix. Controlling risk by whatever means is important to keep stress levels low, or you can always set it and forget it. GLTA

I edit too much! Refresh any of my recent posts to get silly little updates and clarifications.