It's like the light turned on ever since I decided 10% is a good goal for any stock I play. And I'm making a concerted effort to play Nazzers or stocks over .10 now. I've decided in this current market that I get more enjoyment of going green consecutive days than I do that one big trade for the week.
I am trying to stay green by this:
MAKE A PLAN - Set goals of 10%, gain or loss. I'm not allowed to be greedy because I'm not RICH YET! I wouldn't play a pink or OTCBB unless it was truly blessed or had China in the name. This China thing is gonna get milked for the upcoming Olympics, imo.
STICK TO THE PLAN - Set the SELL order for 10% over the buy-in IMMEDIATELY after the buy in. First come first serve is extremely important!!! Don't underestimate it. The MMs aren't necessarily gonna fill @ the ask and if the volume dries up things can get ugly QUICK!
Change the order upwards as fast as possible if, AND ONLY IF, the buying volume is moving the MMs. Lately for me, Nazzers give me a better idea of how much time I'm gonna have if a selloff occurs by following the larger block sizes and planning accordingly.
IT'S OK TO FAIL AS LONG AS YOU STICK TO THE PLAN - taking a 10% loss can easily be overcome with a 15% gain on the next play. There's ALWAYS another play. Swallowing pride a little early is better than dealing with a severe loss of confidence and capital.
AI
