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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: BenThair who wrote (104500)	7/5/2008 8:57:47 PM
From: chowder	Respond to of 206330

>>> Why not a trailing stop? <<< My trailing stop triggered a long time ago as I was overweighted on this position at one time. It is my desire to maintain a full position for the long term as I think China is where the most growth will come from. I didn't like the pull back from the standpoint that I had a double position at one point. The next question becomes, why not buy more on this pull back? My answer to that is that I don't overweight myself in an environment when the market is in a downtrend. When the market is trending lower, about 80% of the stocks head lower as well. Not very good odds to take on anything more than a full position. When the market is trending higher, about 80% of the stocks head higher as well. This is when I take on the added risk as the odds are much better of being successful.