Hi Toofuzzy, What I was trying to do was to summarize my learning curve.
In saying: "...never say never as it is bound to happen" I was attempting to say that I should not let my analysis too tightly govern my actions as the "market" is not rational and it will behave irrationally. As an example, VNR is now down $0.25 from yesterday's aftermarket price. Why did it not continue up? Who knows, I sure don't.
When I said: "What I should have done with the GTC is have it be for 3 or 4 times as many as I did, only about 1/2 of 1% of the cash on hand" I should have looked closer at the total risk in dollars rather than react fearfully about what was happening. Had I put in about 2%, as is commonly suggested as a maximum to spend on a single action, I would have the potential to have made between $5,000 and $10,000 instead of $1500-$2500 that is now possible.
"Hey, gonna be shot for a bear, might as well be shot for a grizzly." is an old family saying that if you are taking a risk, take it all, not just a toe's worth.
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