Replies to post #6927 on eLayaway, Inc. (fka ELAY)

[$kytrader]

No I don't average down, that is too risky. I just wait for the bottom and I buy. I am patient also I don't sell all at once. I sell little by little while the price is going up that way I keep some for the ride up and lock in profits. I bought initially 5 mills when it went down to 0.0047 and at the opening at 0.005 before it went to 0.016. I was able to sell between 0.01 and 0.041. Now I am playing with house money but I am confident this is going to haw a nice return :)

[SOCOM]

If this runs to .10 you would have no problem selling a million. I am not telling you how to trade, but here is how I do it. If you buy a million at say .005, then sell a half million at .01 and you now have no risk. I bought back in at .005 because in a week or two this will hit a penny and then I am riding free shares. Then pick exit points on the way up or down, NEVER PUT A STOP LOSS ON A PENNY!!! Just enter your orders daily, a stop loss will get taken out and then shoot right back up. It happens every time. At these levels a million shares will cost you 5 Gs (@.005) that isn't too much to unload at any point. I would caution you to buy and sell at the ask. I always do because when you are holding "free" shares you don't want to harm your investment by selling into the bid. To do this you have to sell on the way up, you will use the same to buy and make the same when you sell (there is no difference in if you sell at ask and buy at the ask, than if you buy at the bid and sell at the bid. It is the same profit margin.). It is a rookie mistake to buy at the bid and sell at the bid. There are tons of rookies out here who do it and the cause the run to stall. The main thing is hedge your bets and sell portions, the greedy ones get taken and the smart ones are happy with the profits they make. ANY PROFIT IS GOOD PROFIT!

SOCOM

MM76

[SOCOM]

It will go back up to .01+. Mark this and come back in a week.


SOCOM

MM76