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Pastimes : coug's news and views
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To: SiouxPal who wrote (338)11/22/2005 2:05:53 PM
From: Ron  Read Replies (1) of 3961
 
That's roughly a 1.5% increase for GOOG based on the share price at the open. Just for comparison, NAPS is up a nickel. That's up 1.5% from the open. IFLO is up .89. That's up 7.1%. So let me see here. Did I want to put $41,500 into the market for 100 GOOG, or did I want to play 1,000 shares of IFLO putting 12,600 into the market for a profit so far of $1,180 or have the excitement of watching GOOG for a profit so far of $600. Well it depends on your trading style. I prefer smaller dollars at risk for percentage gains. If something bad came out about IFLO and it immediately went to zero, I would have lost a lot less than some scandal coming out about GOOG with my 41 grand sitting there taking the hit. Successful trading is managing to minimize risk, in order to make profits.
Just sold half lot of IFLO. We'll see what it does after the fed report at 2pm eastern.
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