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Gold/Mining/Energy : Games Trader -- Ignore unavailable to you. Want to Upgrade?

To: goldsnow who wrote (724)	6/22/1999 2:58:00 PM
From: John Paquet	Read Replies (1) \| Respond to of 1239

Re: "the trick is not to sell hi before it goes higher" This is a "judgement call", goldsnow, if you feel that a stock still have a chance to go higher, then you do not sell and get out. THis is "greedy theory" lots of time looking forward to that 1500% retrun of profits but end up losing money totally. The probability of for further extention of profits grow smaller and risk grow bigger. For example, VLV if you boughht $2.00 your profit proability is much higher than you nbuy at $4.75, the risker at $2.00 is much less than at $4.75. If VLV could not break that $5.00 those who buy at $4.75 will soon become a loser. You see. The incentive to buy at $4.75, the prospect of selling new purpuchases at profit is much much smaller than when you bought at $2.00. It is well advised : Hold your positions pending some warnimg of crashing etc...." Nothing will goes up forever, it goes up it has to go down. Take profits at all time and grow your money bags bigger and bigger. ] Besides, there are thousand of thousand stocks in the market -place which awaiting for your venture, or search for that black horse. I got a concept of this moder era stock market trading like a fast food chain Macdolnld, MacDolnald 's concept is treat each customer five minutes, and traded million billion of customers. Each customer make some profits. And MacDold makes lots of money. This world wide famous sucesful business. John Paquet