Home > Boards > Stock Clubs > Short-Term > BOUNCE (BOING)

The strategy to play a huge tanker.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (12) | Next 10 | Previous | Next
griff100 Member Profile
Member Level 
Followed By 149
Posts 76,590
Boards Moderated 3
Alias Born 04/24/05
160x600 placeholder
Bridgewater Founder Ray Dalio Raises Inflation Concerns Over Federal Spending
Ambitious government spending raises the risks of inflation and a devaluation of the U.S. dollar, Ray Dalio, founder and co-chairman of Bridgewater Associates, said Tuesday during The Wall Street Journal's Future of Everything Festival.
Dow Drops More Than 500 Points on Inflation Worries
Job Openings Reach Record High Despite Hiring Slowdown -- 2nd Update
Google Plans to Double AI Ethics Research Staff
U.S. Home Prices Surge Higher, Pricing Out Many Buyers
Dow Drops More Than 400 Points As Stock Selloff Extends
Home Depot The Worst Performer in The DJIA So Far Today -- Data Talk
Sampo Oyj Sampo Plc: Disclosure Under Chapter 9 Section 5 Of The Securities Market Act (BlackRock, Inc.)
Top Company News of the Day
DoorDash Partners With Rite Aid for Same-Day Delivery
Uber Eats, Peers Given Deadline to Abandon Gig-Worker Model in Spain -- Update
Producer Price Index Growth Expected to Slow -- Data Week Ahead
Stocks Keep Falling, Led by Tech
China Threatens Retaliation Against Ericsson if Sweden Doesn't Drop Huawei 5G Ban
Stocks Open Lower, Led by Tech
Form 8.3 -Willis Towers Watson Plc 11 May 2021
AstraZeneca Hit With Second EU Lawsuit on Vaccine Supplies
AstraZeneca to Talk With Shareholders After Low Support for AGM Resolutions
Altria Names Kathryn McQuade as First Female Board Chairwoman
Uber Eats, Peers Given Deadline to Abandon Gig-Worker Model in Spain
Biden Tax Proposal Would Squeeze Apartment-Building Owners
Eli Lilly, MiNA Therapeutics Join in Research Collaboration
Catalent Promotes Executive to Succeed CFO, Who Will Depart for Zoetis
Zoetis Promotes CFO to Group President, Brings in Catalent CFO
Little Sign of Post-Pandemic Recovery for US Oil Production, OPEC Says
griff100 Member Level  Friday, 12/09/11 02:42:38 PM
Re: None
Post # of 313856 
The strategy to play a huge tanker.

Wait until it's as low as it can possibly go and then buy a starter...maybe 1/4 of what you want.

Then when it goes lower (and it will) you happily add. Same dollar amount.

When it goes even lower...you hesitate...add up your loss at that point, think..what am I doing?...close your eyes and buy more. Same dollar amount again.

Then as it continues down even further and it feels like absolutely the stupidest thing you can do...throw up your hands, roll your eyes and add again in desperation.

When it finally turns back up...you sell all of it at your original buy price for a very nice gain, so relieved because you were holding a huge loss just a few minutes ago....

Then cry like a baby for 2 days as it keeps going and you miss out on huge rewards.

Works for me anyway!

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (12) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences