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bkbirge

05/21/10 7:03 PM

#124705 RE: Kevander #124703

It might. Are you prepared to wait through all the MM games until then? That is something everyone should ask themselves and frankly should have answered before they bought (if they are in for the FLD concept).

No one here knows when the squeeze will happen or at what price point. Speculating about that constantly is about as mentally damaging as playing the woulda coulda shoulda game ("boy if I'd gotten in XYZ on that date and flipped it there and bought 123 and then flipped it on this date I'd be a zillionaire, I'm so stupid or unlucky or..."). It's more fun to count your chickens before they hatched but it perpetuates the emotional roller coaster ride that MM's will take advantage of.

Again, play it cool. Develop your plan and promise yourself to stick to it. If you are in for the float lockdown then be prepared to wait it out no matter how long it takes. If you are a flipper then you'll have a different strategy as will a shorter, the point is remove your emotions from the game as much as possible.

Educate yourself, don't play with money you can't afford to kiss goodbye, have a positive attitude, and don't watch the intraday so much without a big bottle of antacid.
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chart-trader

05/21/10 7:26 PM

#124711 RE: Kevander #124703

Ahh, you remind me of myself years ago so much in every sentence you write!

And here's your concern: If the squeeze starts at $1 and goes to $5 then you make, let's say, 600%. That's great, right?
NO, because you are mad now that you didn't get in in the .30's because you would have then made 1500%!

If you bough in the .30's and made 1500% then you wish you bough a year ago because you would make SO much more...
You want to do exactly what myself tried to do years ago - get in at the absolute bottom and sell at the absolute top.
It's the mind game that will make you fail every time. It's totally irrational but so predictable.

All I can say - read the book! (Hm.. now I sound like I am pumping a book :)