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macgrady2004

04/11/14 9:49 AM

#5190 RE: Ineffable777 #5189

I know!! At least a 3 bagger. People getting out now deserve to lose. Having this go down to where it is now won't make me lose any sleep but not buying more definitely will!
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TraderGash

04/11/14 10:03 AM

#5196 RE: Ineffable777 #5189

There is a good reason why those of is with decades of trading experience never put more than 5% of our portfolio at risk on any given trade. It is better to learn this lesson when you are young and can recover from a "black swan" trading event. Some older traders who have not yet learned this lesson put their family's financial future at risk with trades where they are absolutely 100% sure that they are right, and guess what -they blow out their account.
I am not saying that FSPM won't go to $10, with some solid sales and filings, there is no reason it couldn't, but then again nobody knows what the price will do.
Just limit your exposure and keep your position size small.
Disclosure - short FSPM - 5% of my trading accounts.