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Bill Tarson

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Bill Tarson

Re: Rocco!! post# 67179

Wednesday, 04/24/2013 10:40:53 AM

Wednesday, April 24, 2013 10:40:53 AM

Post# of 158400
If you find yourself in a hole, stop digging. Never go all in.

I'm currently trading (I don't invest) in fourths, with 3/4 in 3 different positions and 1/4 in cash.

All-in only works if:
1) you are extremely experienced.
2) you are truly at your prime, that day.
3) the stock you're looking at is a perfect storm and has the volume to clear your order.

You need all three and it happens far less often than not. I wouldn't even recommend looking for that timing, because you probably don't even have #1 down. I'm not even sure I have #1 down and I've been doing this for quite a while now.
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