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Re: JohnCM post# 48942

Friday, 05/31/2013 6:40:46 AM

Friday, May 31, 2013 6:40:46 AM

Post# of 800819
I get it. I was fortunate like others to get the blue exchange alert early. Not as early as some but still plenty good.
I started my position with a negligible amount at risk. Like others I saw $5 as a psychological benchmark and I took out my initial $ with a profit.
The last two days presented many in a similar position to either ride free shares or double down with profits.
My sentiments on the future are better than they were when I bought in originally so I have no problem opening new long positions from down here with profits.
I will sell only what I put back in from these levels once we move back up in order to mitigate my risk back to a zero cost average.
The more times this stock goes through these gyrations the more shares I add at no risk.
I have a good friend that has done this since blue's original signal went out and he is riding 80k shares at a zero dollar cost average.
To each his own, but I find this to be less stressful despite the fact that it delays some of the immediate gratification of daily realized gains. In the long run however the payout is exponentially greater.

Glty!