Tuesday, January 11, 2011 5:29:27 PM
And it took only 10 trades over the course of 13 days to do it. I guarantee you that if the PPS was to shoot up to .0222 in two weeks, you folks would be ecstatic! Yet, one can accomplish the same thing while it still trades in the narrowest of ranges.
Here's the catch.
#1) It takes guts and self discipline, because one is always afraid one is going to miss out on the big jump. But big jumps rarely happen.
#2) Moving 5 million shares is one thing, moving 25 million shares is quite another ... but there is nothing saying that one can't divide the money among two or three stocks trading in the same range and accomplish the same thing. The return will go down though, because of more commissions. Figuring out the critical mass point is important.
#3) To make it work, one has to be on top of things every second of the trading session.
"Libenter homines id quod volunt credunt"
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