Poet, there are as many ways to skin a cat as there are breeds of cats. It was your comment that ltb&h players miss opportunities that elicited my response. I played it safe & conservative last year, didn't get into Q until April, and still had an overall portfolio return of 690%. I don't feel like I missed much <g>.
Otoh, I like to put a buck or two in the slots on occasion, so I started a teeny tiny trading account, margined off a core holding of Q, played short term options, etc., and had a return of 1361%. That was the salsa on my tamale.
But the key is, I didn't try to make a meal out of salsa. My Evil Twin's gambling account was only 2% of my portfolio when I funded it in February. I've gotten messages from fellow Qtips who are freaked because they have large percentages of their portfolios in January and February options. Wouldn't it be tragic if they picked the right stock and got wiped out by Mr. Market anyway?
Unless Q continues to go straight up every month, a day of reckoning will come when many of our Q threadmates will be wiped out for their lack of caution. I saw it happen to some of the dellheads. No stock, no matter how great, is immune from a correction, and TA can't predict when it will happen.
My .02 is take care, be moderate, leave some profits on the table, and make sure you have enough chips to stay and play in this wonderful casino.
uf |
