10-Bagger MINIMUM Rise from July 1, 2005 until December 31, Message Board

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Microcap & Penny Stocks : 10-Bagger MINIMUM Rise from July 1, 2005 until December 31,

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To: rrufff who wrote (1237)	2/19/2006 6:28:12 AM
From: Walkingshadow	Read Replies (1) of 1694

Excellent post rruff, very well put. << In retrospect, that luck or rather discipline to stay with my own rules was the key to success. >> I wish I could somehow ingrain that into my genes. Or, at least the genes that control my mouse finger. The vast majority of losses I have ever had have been because I broke my own rules. For me at least, it is still astonishingly easy to do, even when you know better. And I agree with you about the 70% bit.... I don't think I have ever encountered or even heard any halfway believable story about anybody doing any better than 70% for anything other than a very short period of time. But that said, provided your average or median gains are significantly greater than your average or median losses, any win rate over 60% will be spectacularly successful. So to me, that means only taking trades that have considerably more upside potential than downside risk, taking partial profits as they appear (i.e., a disciplined, preset exit plan), and setting and maintaining trailing stops. Thanks, T

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