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Strategies & Market Trends : I need to quintuple $20,000

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To: Davy Crockett who wrote (75)6/7/2012 3:28:50 PM
From: Davy Crockett  Read Replies (1) of 114
 
<<the Bear Market is over>> I'm like a woman, (sorry gals) - I've changed my position (mostly based on lack of volume - which is lack of conviction), so I sold SOXL for a loss of 5.90% (925 shares @ $25.81).

I just bought HVU.to which is a tricky little bugger to time. Anyway I'm in at $4.60 @ 5000 shares - a full load in other words...

regarding the 5.90% loss... that was a bad mistake on my part, I got stupid & held. My goal is to limit losses to 4% - otherwise it is devilishly difficult to overcome the loss.

Anyway, another lesson learned.

edit: by the way I normally have a two or three hour (daily but sometimes I miss two or three consecutive days) window in which to view the markets in real time. I wish I could devote the whole day... but I can't.

That's just the way it is... <ng>
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