WR's Momentum Trades Message Board

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Strategies & Market Trends : WR's Momentum Trades

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To: Kim Lim who wrote (6430)	2/20/1999 8:06:00 AM
From: Wayne Rumball	Read Replies (3) of 11130

ALFN - I took profit and got out too soon. But it doesn't matter. Point is to take the profit and move on. Don't always try for maximum gains. Even if you get out too early at least you get a profit and can put it into something else and take more profit, etc, etc. I sold 10,000 UPGD at 0.50, didn't want to, but also didn't want to kick myself later for not having done so. I do not care it continued to $5. At least I still had 1/2 that I sold along the way. I always sell something on a run. Nothing wrong with taking 100 or 200% profit. If you wait too long you could end up taking a loss. My motto - all stocks are crap. Get out with profit as fast as you can and move on. Although others here do hold longer than me and get better profits on some stocks. But in the end it is hard to say who has made more, the guy that held for 500% profit, or me that moved on and flipped 2 or 3 others for 50 - 200% on each, while the other guy had no money left to play. Everyone has their own investment style. Hell I've never even visited the web sites of most of these companies. Afraid to, I just might like too much what I see...

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