I just rediscovered the thread and thought I would
do my follow up, I am happy to say that Viragen, although
right back where it was when I posted my first message here,
was the stock which put me in the game. Since I made some
money trading this I've been having a blast. At one time
I thought I would be buying and holding promising stocks,
and in time, maybe that would pay better, but so far
trading has been the way to play. The details are at
the bottom of this posting.
Anyway, after making my grubsteak in vrgn I've been trading
like a banshee and have run my balance from 15k late last year
on up to 70k--but I haven't really been able to break through
that number by much--it is as if I am in a trading range of sorts.
So the question is--when and if does one decide to stop
trading, and let his/her picks just cook?? What are the
odds that a trader will just self-destruct??
I think the smart thing to do is try not to change you
tactics--but set a mental stop loss to your balance (60k for
me) at which point you sell everything and sit it out six months
or so.
Any thoughts? I should point out that now I have eight stocks
and some cash--maybe it would be foolish to go through with
my mental stop if it is reached??
here are details of vrgn, first the chart
quote.yahoo.com
the trades...
first trade back in November
I Bought VRGN 1000 1 15/16
average down, then a quick out, and back in lower
I Bought VRGN 2000 1 1/2
I Sold VRGN 2000 1 3/8
I Bought VRGN 3000 1 3/16
chart must have bottomed out, loading up
I Bought VRGN 3000 1 1/16
and then profit-taking
I Sold VRGN 3000 1 23/32
I Sold VRGN 4000 2 19/32
After that I gave back about 30% of what I made previous,
but happily, I got out while I was still ahead, net was
something like 6k for Viragen. |
