Mike,
I trade with real dollars, usually 1k shares per trade
to keep the math simple for me. :) I like stocks that
have over corrected and trade with reasonable, possibly,
predictable patterns, FLT @ 39+ is a buy, and has been
in the past for me a number of times. Currently looking
to sell around 45. I typically trade 4 or 5, some really
cheesy ones like HNV: Buy below 2 9/16 and sell over 2 7/8.
I am not afraid to take profits as small as 1/8, but have
missed out on a lot of good moves due to this trading
mentality. I was trading IP from 40 - 43. It ran to 50+,
but while I was out of the stock. I can't complain.
This is just one mechanism for trading, and as long
as I walk away with a profit no complaints. I currently
hold LU which I have determined to hold long term, but
its tough not to sell and register the paper profit.
FYI: With hindsight, If I had bought and held, I would
be retired now. To make up for my poor historical choices,
I buy and trade stocks that I wouldn't mind being married
too, should adverse conditions blow my way...Do whats best
for you and good luck. Pat
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