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oldguy

04/29/11 4:35 PM

#7233 RE: CaptainQuickdraw #7232

First of all, how much of this stock I hold means nothing. After all, 1 is to 10 as 10 is to 100. Whats important is who gives more. The poor man, who gives a dollar or the rich man who gives 10 dollars. A stock like this should never be more than 10 % of your shits and giggles money. Which should never be more than 10 % of your investment capital. You will never win at this game untill you learn to take profits. You have to over come your fear of missing that one big one that will make you rich. Take 10 % of every stock you own and sell when you have a 10 % gain. You still will have 90 % percent for the big move. I am real big on T&A for points to buy and sell. Every weekend I still do T&A on over 50 charts for one of the most successful commodity brokers in Florida. What makes him such a great trader ? He never looks back. When the trade is over. He moves on to the next one. He has a point that he takes profits. A point that he takes his loss and moves on. Its hard to master, but you must if you want to win. BEST OF LUCK TO ALL THEOLD GUY