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Re: HomelessMarginCaller post# 1955

Sunday, 02/24/2013 4:40:56 PM

Sunday, February 24, 2013 4:40:56 PM

Post# of 42897
Great points bud........ghosting is definitely more of a big player strategy......most likely used when you're working w/ larger sums of money......

This strategy doesn't work for the smaller players.......as you pointed out the % gains get eaten up quick by the commission fees.......

That's the difficult part in building the value of your account.......it's much harder to profit when you're working w/ smaller dollar amounts.....10% off a $1,000 is only $100......but 10% of $10,000 is $1,000.....& 10% of $100,000 is $10,000...

When you have capital to work w/ you don't need home runs......just base hits to make a nice profit.......but when you're account is small you need larger % gains to make up for commission fees......

This is why entry & exit points are so important when you're a smaller player.........every move counts......when you're working w/ small amounts of capital you don't have the luxury of making the wrong call.......getting Stopped out too many times w/ a small account and you're just plain out.......

I stress the importance of using charts & technical analysis, because entry point is Everything!.....& you have to know exactly when to sell.......$$$

Learn to read Charts & Technical Analysis.....all are welcome....post your own charts & T/A & join the discussion
http://investorshub.advfn.com/$$$Ospreyeye-Charts-Technical-Analysis-&-Japanese-Candlestick-Patterns$$$-26060/

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