Rex,
If I didn't already own CNP, I might have taken a position on weakness this morning. Since I already had a 25% profit, I didn't think it was prudent to risk it, hoping we wouldn't see any profit taking.
If it pops to 6.50 without me, that's OK. It's not the price I'm concerned about, it's being on the right side of the trade, regardless of price.
If I'm wrong in the way I'm playing it, I'd rather be wrong with a profit, as opposed to being wrong and losing capital. I don't mind missing opportunities, another always comes along. I do mind losing capital. It does no good to have an opportunity and not have the cash to take advantage of it.
25% in 3 days? I'll lock that in every time! No questions asked. I'll get to play again.
RRI moved 100% during its run. I only captured 50% of that move. Again, I'll take being wrong with a 50% move. I'm assuming very little risk with the way I enter my positions. I don't need to be a hero, just profitable.
dabum |
