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Replies to #23265 on lowtrade
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lowtrade

07/19/11 10:35 AM

#23266 RE: Webwyrm #23265

After profit taking. If you want back in watch for previous high to be broken. Add a little for safety, that the move is real and re-enter with the same amount of cash, keeping profits.

This is a income way of trading. Bank profits, use same cash over and over. Capital preservation says don't gamble what you've won. Higher risk allows this. Low risk income trading doesn't.

If you miss the higher risk rush. Create a business plan which allows part of your cash lump for high risk and the bulk for low risk.

Example: I use to trade 3/4 in exchange stocks and 1/4 in the OTC. One could do that on the OTC. Go for the moon with 1/4 and income trade 3/4.

Food for thought. It's all in the numbers. And your personal goals, needs & wants.