RE:RE:RE:Recessions effect pn YUM
you are very welcome jermiah777. That is a really good price for people to be able to be fed on. The entry to this stock comparative to others is quite low and because I don't think it has got more full reporting of revenues it is trading very low no where it should be at least from my perspective. With pennies I am now starting to do what I said I would and that is following my strategy of looking short medium and long. Whatever amounts of shares I have I will look to hold at least half to three quarters and set a 20 percent pull back price as selling at least 25 percent of my posisition. If the shares stay above keep. I am looking for a double but this is not set in stone so if there are runs I know typically there are pull backs in a bull market I have seen quite a sustained run at times so I sold one quarter and if the equity kept running another quarter. In these markets I am seeing stocks near double and pull back by half the gains. So if a stock is 30 cents I have seen it go to 60 and level at 45 cents. I will take the profit on a run. While my objective is a double if there is a run and even if only 20 percent I will take it but most likely no less and this is irrespective of being in the green or not. I am looking to buy sell and build a position. I also tend to sell only what I bought or half of what was bought and take the rest in cash so I build both a cash and stock position. When the stocks trade at whatever stable price or when settling the next level up using 30 cents as the example legging to 45 cents I would put a 20 percent down strike point at 36 cents vs a 20 percent at 30 cents or 24 cents this is called raising the floor. If you strategically trade calculating the amount of shares as well as what monetarily makes sense in relation to your commission rates you can keep losses to a minimum and still make fairly decent returns on 50 to 75 percent of a position versus putting 100 percent at risk and always worrying about the bottom as what you correctly stated is always possible regardless of markets. One needs to know they are always there and adjust for them and feel more confident and in control. Buying and holding a whole position will not lead to that but strategically moving some shares around will whether at a loss or gain don't look in a limited way. By this that goes back to what I said sell in both cases profit and losses to have monies and see what you locked away longer term for longer term value trying to manage and grow value with the rest to minimize the losses and maximize the gains. If you say I am selling at loss despite the share gaining on them in a run and you are steadfast to at least break even well on shares you could take monies out from which increase and will more than likely pull back you wasted the opportunity plus having the money to use on a pull back and systematically building gradually and lowering the share average. I personally no longer look to do anything but this and it is working. In regards to buying be happy with what you have but if you want to increase the position knowing there is tax loss coming soon and weak markets I would not buy in a one shot way buy in trenches and pick a maximum price one which you are looking ideally at a possible double. I have picked .05 if I am looking to sell at .10 which I may. If I hold shares I would systematically then potentially buy up to 10 and sell at .08. My average now is a little over .04. Pick all your points know how it looks like and if you can stick stringently to them this is what I have been doing and it is working well. I find even as I did it in lesser degree in the past I always was better of that way then not. All about the mindset and feeling in control not lack otherwise that brings fear and resentment. Acquiring wealth in my eyes the right way is as much systematic and gradual as it is waiting for those bigger gains and the reason you have 50 to 75 percent locked away.