Martin, I'm sorry you feel that way, but as you say it's MY philosophy.
I don't care if you are a long term investor or a trader. RULE #1 in this game is preservation of capital. Cut the losses short.
Anyone who lets a gain turn into a loss is a making a foolish move.
For example if you bought at 1 1/4, the stock ran to 2 and you didn't sell, THEN the stock went back to 1 1/4 you should IMMEDIATELY sell at break even and rethink your position. It's called DISCIPLINE.
Hell, even William O'Neill has this philosophy.
This is hype in the negative. You are just as guilty as someone who is touting a stock. You would like everyone to bail. So you and every 2 hour trader can make money.
To tell the truth, I feel like ripping you a new a**hole for that crack, but I've gotten to like you so will not do so.
I am in no way "hyping" this stock.
I have called it as I see it right from the git-go.
When the charts were looking VERY bullish like they were awhile back, I said so in no uncertain terms.
Now, the charts are looking VERY bad and I am not going to withold this INFORMATION. I would think that my accuracy thusfar would speak for itself, but I guess you prefer to look at this through rose-colored glasses.
So far I have been dead right with my predictions. Instead of whining about my trading style, I would think you would constructively use the information I'm posting.
I suggest forget about trading BCMD, hold and check the price in a year.
If I had done this I would be looking at NO profit right now, Paper or otherwise.
As it is, I was able to scoop off AT LEAST $500-1000 almost each and every day, accumulate in a big way while I was trading by always keeping a few shares each trade, and then sell the entire position for a 100% gain when it popped to $2.
I have already said right up front what my intentions are. If it holds support here, I will reconsider my position. If it breaks down further, I will RUN, not walk from this stock as fast as I can.
Bottom line is that anyone who doesn't take even 25-50% profits is being a PIG and deserves to get slaughtered.
To not take 100% profits would be downright stupid on my part.
Jeesh,I remember when making 15% would be an oustanding YEAR.
You can fall in love with BCMD if you want, but I only married her for her money. |
