Mach, great news and post. Thank you!
PYST is certainly a play to watch closely. So many great plays right now. More than I've seen in quite sometime. BVLE has treated me more than right today. Got in with 2500 shares at .60 and out at .79. This still may pop in the morning gap and continue to run.
AVEE was on the run, then MM's froze it and put it in a necklock sleeper walk backward. I was up $300 on them when it was 1.60's and thought it would continue. When I turned the computer back on I sold it where I bought in at 1.40...damn lol.
OT: About a month ago, someone posted an old post from Sterling about how it only takes 7 times doubling your money from a very modest amount to amass a nice nest egg. I've used the "7 steps theory" (I'm calling it that) to discipline my trading and it has worked wonders.
For example, starting with $2000.00, if you doubled your money just 7 times, the total is $256,000
1)4k
2)8k
3)16k
4)32k
5)64k
6)128K
9)256k
I've tried to apply this wisely knowing that finding a single play for a quick double is very hard. In my opinion it is foolish to apply this theory trying to look for such quick doubles. You'll end up losing. Instead I am focusing on attaining the next level in the "doubling cycle" in a disciplined and patient way. If it takes 1 or 2 weeks to attain the next level (ex. 4,000 to 8,000), so be it. I'm trying to risk only about 60-70% of my portfolio in a solid play.
I started this last Thursday starting, and with XLPI, PYST and BVLE have made a nice start up the 7 rung ladder. This, even though I've made 2 losing trades and one non-profitable one during this time. I try to limit the losses quick and simply regroup.
Only offering this as a help and certainly not a boast. His 7 rung theory is very attainable in this market. Being patient in getting to the next step though is the key. Last 2 days was a net +$350.00 so far, which isn't the magic 100% to get me to the next rung, but I'm hoping that through patience and exciting plays I can see that next rung by the end of the week.
Off to look for good bell plays. If they aren't there I'm not going to force a buy. Patience and simply wait for tomorrow. : )
FWIW...thought it might help some focus on setting goals in their trading. It's helped me greatly.
Bo
