Lance B's : Its A Beautiful Thing Message Board

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Technology Stocks : Lance B's : Its A Beautiful Thing

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To: Aj-Ruk who wrote (2873)	1/18/2000 9:38:00 PM
From: RichBear	Read Replies (1) of 4792

AJ..Thanks for asking the question..Been around quite a while but I still learned something by reading other's answers and also thinking about what I do. For "day trading" stocks, it's a very tough question because there are so many variables; float, shares trading per day or per hour, price, cash available, speculative nature of the investment etc. but usually I try to invest an amount that I believe can be sold quickly if it's a fast moving stock. Been there too many times when you ride it up and then can't unload it as it drops (see Tom's posts regarding MM manipulation). So I guess exit strategy is an important variable for me. One other thing I will do frequently is unload part as the stock appreciates, especially when I have a significant position (over 10% of my portfolio). I tend to agree with Lance's 5% thoughts but that's sometimes difficult to follow when a stock triples in value. I do try to keep my fast moving stocks (those that need constant L2 monitoring) under 4 at any one time and preferably 2. Hope this helps. The answer is, there isn't one answer. The Bear

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