Replies to post #109730 on WEALTH UNIVERSITY

[elcheepo]

Thanks Aggie...
Where do you place your SL?

[jerseygirl]

Aggie, I am now trading from work also I bought a Blackberry but found I can keep my Fidelity screen up all day. I check alerts on my cell or sometimes on my computer. The point is everyone needs to develop a system that works for them.

Before I buy, I decide how much I am willing to risk. SRZ is my largest holding and I will be trading in and out of it. I have 5K shares. The first POP to 3.00, I will most likely take my profit off the table. If the stock goes down, I will buy up again. I did the same thing with CNO and am sitting on $12K profit. I missed buying back into CNO for a long term hold. If the market goes down, I most likely will look for that opportunity. I'm hoping SRZ acts the same way. It's my own system and it seems to be working.

Sometimes, I am a little late with Chart's sell alert. I do sometimes get stuck but patience pays off and with holding a little longer I either come out with a small profit or small loss. If it's a loss, it's nothing that I can't handle because of my initial risk decision

I usually don't play penny stocks although I am in EVRM, BIEL, and XCHO. Only because I'm a WU and Sheff groupy in a sense.