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Bill,
I had mentioned before I sold half my shares @ 4 and then it went to 5, so I sold half of that, and then it went to six, but came down. So I have 1/4 left, got some profit, and am trying to justify why I sold any of it. But I guess that is easy to look at in hindsight. I feel better and safer that I have a profit and some stock left.
You know with my business, I always try and revise my business plan. And with a stock, I try to use the same approach. A strategy with the buying and selling of a stock. And if this stock ever went to 20 on Wednesday or Thursday, I can't say to myself why did I sell any of it. I'm going to use the approach I've thought of, and try to win on each investment, or lose as little as possible.
I do like the day's turnaround 2 to 4 sell half to 5 sell half and wait to see how it opens on Tuesday with money in the bank.
I'll tell you what, this is a heck of a lot easier to watch than actually execute. It makes me appreciate all the full time day traders out there, home and on Wall ST. that do this for a living. This is nerve wracking, even on a good day.
Mr. Rhino |
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