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Strategies & Market Trends : The Ego Forum

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To: hubris33 who wrote (3869)	6/2/2009 1:10:12 PM
From: littlebitmoore2	Read Replies (2) of 12175

hubris, I'll give you one example. I traded FEED up to 5 bucks and made a good bit of money on it. I got stopped out on what I had hoped was a long term position, so maybe had the stop too close. I really liked the stock and decided to go long again at 5.02 with 6K shares. this was on May 11th of last month. I don't have a target ;-( I'm seeing on your and Charles post that this is important. I did see that the stock has traded up to over $21 in the last 12-15 months and think in this economic environment that it should do well (vbg). I have several $ gains and don't want to give them back. I don't have the risk tolerance that i once had. My position is way less than 10% of my portfolio. Another example is GSS. I traded and made money on that and now have a position that I started beginning 2/23/09. I was underwater on it for awhile. now in the green. my cost for 5k shares is 1.79. it swings a bit, so don't know where to put a stop. again, less than 10% of my portfolio. If i havn't given you enough information to help you help me, let me know. thanks!! lbm1 edit: on gss i bought shares on 2/23 and again on 3/18/09, so you can see i was seriously underwater for awhile, because I DID NOT have a stop loss.

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