InvestorsHub Logo
Followers 1007
Posts 50359
Boards Moderated 1
Alias Born 06/16/2006

Re: tryin2bank post# 3291

Wednesday, 07/21/2010 2:14:55 PM

Wednesday, July 21, 2010 2:14:55 PM

Post# of 57066
I admit it right in the Ibox also. Been there forever and so many do not look and learn on every board.
The Iboxes are full of both information and also others views of the forest we try to look thru.
Take a minute to look and learn from each.
It helps and if that ione does not atleast you are gaining knowledge over the long run.
Dave

Profit Based Sales Trading

1 All stock buys should have sell points set up front when you buy.

A if this is a long term buy then you should be buying at a lower price then when news breaks. If news and increase brought to this stock either buy more shares then you intend to hold or wait for the price to decline.

B If this has lots of momentum in price and bid support buy twice as much and then set your sales price for the extra half to a profit for the first sale of the stock. I usually set that for a 50% increase from the purchase price. This if sold will lower your cost in the remaining shares and take the stress out of the watching of daily fluctuations in PPS as you have made a great buy point.

2 If this is a real fast moving price then it also will generally move fast down. In these type of stocks I usually buy more shares and sometimes more purchases.

A Set a sale of 25% of your shares at 50% profit and then a second sale at 100% profit. I even sometimes set another sale for 25% more at 2 to 300% gains if it moves that fast. Do not move these prices as it will more times then not leave you regretting it later. The third sale i do occasionally move down.

B If you meet these two sale points and the price declines then you can repurchase more shares below the first sale or even between the first and second sale and occasionally the third sale. at this point you have lowered the initial cost of the remaining shares and are better able to buy more for the next run.

C This also helps to enhance your long term portfolio and gives you a daily watch list in your portfolio to signal another chance to accumulate more shares.

D In time you will not only grow your capital but your cash will also grow. This will allow for greater Income potential or Long term growth of your portfolio depending on which your account is setup for.

E I do not trade any Otcbb or Pinks in my 401k account and My Ameritrade is set up for medium growth and I take transfer of cash from there to my long term account. I am also enhancing the number of long term small board stocks there and regularly evaluate those for longs or need to sell

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.