Thank you Sheff...
and yes, if I like a stock and am not able to get in near the lows then I'll trade it if there's momo left and then wait to get in using support areas on the way back down. (Finally got partially back into BLDV today at .003, for example).
Ironically, after 8 years of trading/investing, the most important things I've learned were the hardest things to learn, the simplest to understand and yet the last for me to apply! They are: 1. Capital preservation, meaning set stop losses and use them. 2. Patience, meaning don't chase if I miss a run...there will always be another play. 3. No matter how much I love the story, buy twice as much as I'd like to hold so that I can trade some to reduce my risk and hopefully ride enough so-called "freebies" to make a nice profit just in case the stock does fly clear out of the pinkies/BB's.
Take care.
Rich
Unless otherwise stated, any and all information I post is my opinion which is subject to change. I accept no responsibility for anyone who chooses to take any action based upon anything I post.
