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wolfjr

08/10/17 8:02 PM

#101156 RE: NHborn #101152

The.
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Engines

08/10/17 9:35 PM

#101157 RE: NHborn #101152

Congratulations on your $100 profits on your original $1,000 buy.

Next time, people only care about percent of portfolio. For all we all know, you are a multi-millionaire who's only willing to risk that much. Unless $1K is worth a month's salary. Percents are king!

But when people discuss $, experienced traders will not take you seriously.
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CashBowski

08/10/17 11:15 PM

#101160 RE: NHborn #101152

It's a great strategy because you're strengthening your core. Technically you're still long and adding, which is something that sometimes it's hard to understand. I'd rather have more people sitting with free shares, than a few that had bill payments tied up. The latter is more likely to be less patient.

If you're buying dips, which provides support and selling into strength, then you're not placing any obstacles but churning the price and increasing activity on days that price action could use a push, or is trading in a sideway channel.

A lot of the negative affects from flipping is from new traders not managing their trade incrementally, or being impatient, but your psychology works to your benefit by having a long term game in place and you seem to be on the right track. Just remember to sell slowly into strength and not weakness, and we'll all be alright ;)

GLTY