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Sunday, November 11, 2012 11:10:24 AM
There are alternatives to riding along.
#1. Sell "portion" of holdings and ride the rest "free" shares.
#2. After you have established a nice gain, place a trailing stop. In "pinkyland" the percentage spread off highs, to set stop, has to be wide enough to accept a certain level of volitility.
EERB
"trading lessons learned...I am a sector trader,once found a new ticker(BCC#)tradeing in the coffee sector,pumped in alot @.01sold@.09,good tradeBUT>BCC# continued to run to 50 cents.Bought SFI#(vaporless cig sector)@.002sold @.012good tradeBUT it continued to run to 7cents.THIS MJ sector is on NEW ground,laws changeing,and REAL MAJOR MONEYS to be made by small start-up companys.ERBB is gonna make a major move from here{much like SFI#&BCC#}I have learned the HARDWAY.DONT SELL THIS JEM TO EARLY,it will leave you a little sick for a long time.I am only shareing my experience,wish someone would have done the same for me."
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