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Re: carlson post# 8686

Saturday, 04/06/2013 12:17:32 PM

Saturday, April 06, 2013 12:17:32 PM

Post# of 69189
Carlson, I think it might run a few more days too. But then again, it could dump Monday. The risk at this point is high, and the reward is probably not very much. It is tempting because of the upward price action. I even briefly thought about getting in again for a quick flip even though it goes against my trading strategy 100%. I realized I was getting cocky and a little greedy, and impatient. The fact is I don't know if it will gain enough to make a profit on it before it dumps.

If I were you and I really wanted to get in, I'd only risk a small part of what I already made on GOFF. I'd want to end up still having a decent profit if the trade went against me. It's a risky play. I agree with Gary's advice. I wouldn't want to see you get burned, or even luck out, get cocky, do more risky plays, and get burned later. So there's my 2 cents worth Brother.