Pump and Dump, a term used by investors who do not know when to take profit.
Nothing goes straight up, nothing.
There is nothing wrong with taking a one % profit, that way you don't lose.
When a stock on day one, runs more than fifty % and you hold it the first day and it does not correct, someone is looking over you;
When a stock on day two, runs more than fifty % and you hold it the second day and it does not correct, your greedy.
When a stock day three, runs more than fifty % and you hold it the third day and it does correct, your stupid.
Remember this there is always going to be a hot stock, some you can afford to buy, some you may not be able to afford to buy and some you may not get a fill on your order. Wait for the next one. Don't chase a run away train or a train that has left the station wait for the next train.
Finally, read this and follow it if you can, my two favorite quotes:
"Buy low, Sell high"
"You got to know when to hold them and know when to
fold them"
Some tips from your Uncle Ernie!!!!!!!!!
Happy Holiday |
