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Re: Nikodemos post# 42062

Friday, 06/24/2011 1:07:11 PM

Friday, June 24, 2011 1:07:11 PM

Post# of 98509
Well, I'm not losing! I do have some positions I'm behind on but, they are not down significantly and over time, I'll get my original invest back out of those trades and end up with several FREE shares to let ride for a while. The technical analysis in not what fails me. Sometime I just don't see anyway to lose no matter what the market does and I just take a small position and build on it over time by cost averaging down in what I consider a no lose situation. Those are special situation trades that I'm willing to risk on because they offer huge rewards but, I don't advertise those, that's my trading strategy that has little to with technical analysis which I use in special situations. I invest in those with PLAY money. That is profits from other trades that I'm willing to PLAY with. In the Pink Sheets, there are always bounces caused by emotional buying based on the news. I can always turn a profit on a loser by waiting for one of those to happen. Sometimes it takes a year but, they always do come. Occasionally, I over look something and take a position that turns out to be wrong but, in those cases I get out almost immediately (occasionally with a small profit) and never get hurt significantly. But, it was not the technical analysis that failed there, it was my interpretation or the fact that I did not consider something. But, I'm buying low so, the downside risk for me in situations like that is very small. As I recall, on that TYTN key reversal day, someone posted that they had bought 6-million shares that day. You will NEVER see me do anything like that EVER! That is what technical analysis helps me to avoid!