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jimmc

11/11/12 11:04 AM

#55707 RE: putjay #55705

Well said
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Bobbafet

11/11/12 11:08 AM

#55708 RE: putjay #55705

putjay, Thank you for that great insight. I myself have been in that position many times and it does make you sick watching a stock RUN after you sell!! thanks again!



tradeing lessons learned...I am a sector trader,once found a new ticker(BCC#)tradeing in the coffee sector,pumped in alot @.01sold@.09,good tradeBUT>BCC# continued to run to 50 cents.Bought SFI#(vaporless cig sector)@.002sold @.012good tradeBUT it continued to run to 7cents.THIS MJ sector is on NEW ground,laws changeing,and REAL MAJOR MONEYS to be made by small start-up companys.ERBB is gonna make a major move from here{much like SFI#&BCC#}I have learned the HARDWAY.DONT SELL THIS JEM TO EARLY,it will leave you a little sick for a long time.I am only shareing my experience,wish someone would have done the same for me

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JohnCM

11/11/12 11:10 AM

#55709 RE: putjay #55705

Did you buy AAPL at $15.00 and sell at $30.00? Did you buy AMZN at $10.00 and sell at $25.00? Did you buy PCLN at $4.00 and sell at $15.00?

There are alternatives to riding along.

#1. Sell "portion" of holdings and ride the rest "free" shares.

#2. After you have established a nice gain, place a trailing stop. In "pinkyland" the percentage spread off highs, to set stop, has to be wide enough to accept a certain level of volitility.

EERB

"trading lessons learned...I am a sector trader,once found a new ticker(BCC#)tradeing in the coffee sector,pumped in alot @.01sold@.09,good tradeBUT>BCC# continued to run to 50 cents.Bought SFI#(vaporless cig sector)@.002sold @.012good tradeBUT it continued to run to 7cents.THIS MJ sector is on NEW ground,laws changeing,and REAL MAJOR MONEYS to be made by small start-up companys.ERBB is gonna make a major move from here{much like SFI#&BCC#}I have learned the HARDWAY.DONT SELL THIS JEM TO EARLY,it will leave you a little sick for a long time.I am only shareing my experience,wish someone would have done the same for me."
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s17gator

11/11/12 11:42 AM

#55714 RE: putjay #55705

Great point because this sector is hot hot hot...I don't know when ...but this could easily go higher than .05....thoughts
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ProCannabis

11/11/12 2:10 PM

#55737 RE: putjay #55705

yes both those play were sick but this is cannabis, some of these plays will see multi $$, laugh now cry later :)

go erbb