Friday, August 17, 2007 1:45:26 AM
Don't know what your commissions are, but I can assure you that I can dump at the red line AND, IF I want to, buy back in on the dip and profit between the dip and where my red line was.
Do I EVER get in the RED? Yah, I do, but not intentionally. It's a "tenet" of trading that I have in Pennyland. DO as I Say, NOT as I have ever done. LOL
I don't trade for 4-5% gains, usually. Might end up being that, but I usually jump in one that I think will AT LEAST give me 20% plus gains. I post on the OTCBB Alerts board. Just had one for 10,900% gain. I do okay.
JJ
Posted by: gitonwithit
In reply to: JJSeabrook who wrote msg# 19615
Date:8/17/2007 1:32:30 AM
Post #of 19619
Well, glad someone told you about this. In the long term though you're pretty much irrelevant.
As far as red goes, you might give that statement some thought since you'd probably be the only one on the planet that never gets into the red at some point, or maybe the only one who can pick the tops and bottoms right on the nose 100 percent of the time. Any flipper who sets a limit at their purchase price without assuming some degree of risk is destined to see their 4~5 percent gains eaten up with commissions. Logically, that is the only way I can see it happen for one who never gets in the red.
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