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Re: Kings to Cup post# 5680

Saturday, 11/06/2010 10:54:42 AM

Saturday, November 06, 2010 10:54:42 AM

Post# of 101798
King I can't PM you, but I wanted to tell you two things:

First, Be loyal to you. Everyone here no matter how nice or informative they are is looking out for one person, "me". At the end of the day if you lose all your money and I make a lot because I "played" the stock right, I am happy and life goes on for me. Sure I feel bad someone who I don't know lost money and that sucks because I know the feeling, but "oh well, glad it wasn't me."

My point in that is ALWAYS ALWAYS ALWAYS do your own DD (due diligence or research). Comb over everything and compare information at one website to another. Look at non-academic sites (IHUB, Wiki, Google, etc.) and Academic sites (SEC, OTCBB, legal documents, etc.) to further get an understanding of what you are investing in and why you like or dislike. If you do not do this and complain when a stock tanks SERVES YOU RIGHT!

Than support your feeling with those facts. At that point it doesn't matter what a pumper or a basher says about what is going on because you have done your DD and feel good about your information.

If you choose to make this a living there is a second piece to this puzzle...

Second, Learn the sentiments of stock chatrooms and what the market is telling you through charts. There is a massive lemming effect in the market. If one does it we all do it. If across the board everyone is screaming in frustration and calling something a scam, resist the urge to prove people wrong and "catch the falling knife" it is stupid not brave to piss into the wind. It is better to be the person who got in near the bottom and out near the top most of the time, than the person who got in at the bottom and out at the top rarely

Charts work two fold they confirm to us what happened and in that regard you can sometimes develope a trend or feeling about a particular stock. When you combine investor sentiment with a chart you can, depending how good you are at, make more money by reading the trend.

***

Last thing is this. There are many people who take on the strategy of hold a "core position" and "flip" the rest". For example I hold a core position of 5 million shares in a different stock "long", but I have flipped it with a different position 6 times. Each time I flip it for all it is worth and buy back in based on my interpretation and trend lines of the charts. My core never changes, but I am still responsible for it going down and up because I am still "playing" the stock. That is a mjority of the reason why you here "longs" say they are adding to their "core". When I do it I am flipping it until it becomes free than my core poisition grows.

The goal for me in every stock is to get myself to have my core position be all free based upon the runs.

I hope that helps. But, what you will find is there is no information that will help you as much as experience and learning from said experiences.

*** Haha oh and NEVER EVER EVER MARRY A STOCK! WHEN IT RUNS SELL NEAR THE TOP. WHEN IT CRASHES BUY NEAR THE BOTTOM.

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