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Thursday, July 10, 2008 9:22:08 PM
Why I write this? Because it seems to me so many people have a grudge to the companies they invest in. Why? They do not afford to loose what they spend their money, investing in some particular company and if they loose they get angry and blaim it on the company!
The best way is never get greedy and not to spend too much at one time! And do not spend so much time on if the company is bad or good! It is the PINK like said..
Let's say I have f.e. 10.000 dollars in my account.
I want to trade the PINK's but how?
Do I spend half of my all dollars for the company I find because it is possible it will gain 100% in one or two days?
No!
I find a formitable upward moving company (perhaps two companies) by looking at the chart and do my own DD. I do my search the day before or maybe two hours before the market opens. I look at all kind of charts and all the last day timing in the searchable program my broker provides and look at the end of day at Stockcharts.com too f.e. And the Level II if possible for that particular pink...
OK. I have found one! Now I spend about $300 or $400 ($500 at most) of my money buying shares in the company when the right timing comes! Then I leave after two or three hours at the most even if it goes higher!
I sell perhaps with a 50% to 100% gain (or less who cares?)
And now I have $ 500 or $600 back.
The risk factor is minimum. I have gained enough for the day. And will find another the next day (it might be the same)
And it goes by this simple truth: never spend any money you do not afford to loose (you afford too loose something if you have gained before).
Allways spend only the money you afford to loose in buying the shares.
In and out in the shortest time possible because of high risk.
Just an idea.
Disclaimer: I am not a basher or a hyper! I am here for the purpose of fun and trying to find info. My posts are solely my opinion. I am not a registered broker or a professional analyst. Don't make any buying or sell decisions regarding my writings here
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