bw, Good for you on those calls. I have a similar pile and I hope others joined us as advised the board way back when they were that cheap.
I traded the first 3 minutes today, sold out my carry over 6000 from last night which was underwater at yesterdays close, for a nice profit. I sold at the market, in groups of 2000 to get out fast, in the high 12.90's. Holding 6000 is my limit. I avg around 2000-3000, rarely hold overnight, only if it's underwater..
I had business for the rest of the day, and missed the big pump. So tomorrow, I go in looking for a morning dip. I often wait till IIIman gives us the weather report, it's always the same, usually bright sunshine all day, UP, UP. He's got the good radar.
At some point even if I get no real dip, I buy 2000, sometimes 1000. I immediately try to sell to make a quick $100 no matter what. It helps me overcome selling reluctance.
If it dips a lot more, I double down. I sell into strength and don't get greedy. I avg around $500 a day, just in ARIA. Rinse and repeat. It adds up fast.
I sold once this month at a loss. It was a mistake. I panicked. What makes it a no brainer for me so far, is you know, even if you have to hold overnite, in a day or three, you sell at a profit. Using LIFO, you can make other trades, without selling the loser, while you sweat the loser out.
If you try it, start small till you get in rhythm with the stock, 200- 500 shares ata time. If you get out of rythym, try to get back in rythym, no matter where the stock is. Rhythm is key. Buy low, sell high. Buy high, sell higher. Settle for .06 or .10 or $12 - $20 bucks (less commissions.) The once you get your legs, mutiply by 10, or 1000-2000 at a time. Use limit sells if you want so you don't have to watch the ticks.
Hope you get the hang of it. Understand, it's gotta end, but I think not for awhile.
2da
AI
