Intel Strategy for Achieving Wealth and Off Topic Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 39.96

-1.5%

12:26 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sonny McWilliams who wrote (15404)	12/31/1997 6:05:00 PM
From: Captain Jack	Read Replies (2) of 27012

Sonny--- I try to and usually stick with a 20% rule. Mentor, MAD MONK, told me awhile back to sell any new purchase after no more than a 20% drop as it shows you are either too early or dead ass wrong! On those that go UP I figure in/out fees and put a stop loss in at that point. If they continue to climb I raise my stop loss (mentally) at 10% - 20% below the previous high. Once over purchase price there is very little loss in that manner and those that drop initially are limited to 20% max. NOT the basic long term investors way of doing things but very profitable for me. Had ORCL not dropped as we slept it would have already been gone with a smaller loss and it would have not been possible to play the splattered cat due to the "wash rule". Check email for correction--------- John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next