Post by
kingyahoo on Jun 11, 2015 12:47pm
How this game is played
All right, there is bad news and the SP is down 27+%. Those who bought high have 2 options: sell and accept your lost, as moan and groan serves no useful purpose. The Big Boys know that and the way they play the game is this: don't lose your pants and bring it down slowly to zero. Heck, if people wanted to bail out, it should be at least 3 cents, then 2.5, etc. Trading is as much based on psychology as it is on the fundamental: panic instinct, greed, indecision, denial, projection and so on. The Big Boys play the same game with stocks that has a high probability of hitting the jackpot and Edgewater Wireless Systems Inc. (YFI). If you know the game, you would buy low, and keep adding, as there are always profit-taking and Big Boys will bring the SP lower, sending panic signals. When they do that, I load up. For me: no panic. LOY is not in the same class as YFI. Options are: keep adding by buying low (I did with LOY. Added at .9 cents and now waiting for .7 cents. Or, bail out and take the hammer on the head. It is your choice. Whatever you do, good luck.
Comment by
kingyahoo on Jun 11, 2015 2:32pm
Obviously I got filled at .7 cents. Decided to take my hair cut and sold at .7 cents. Now 50/50, it could go up, or comedown later.
Comment by
HORNDOG22 on Jun 11, 2015 2:37pm
Dumb FAK trader of the Century here. lost on commish......
Comment by
kingyahoo on Jun 11, 2015 3:23pm
Hey Einstein, I am happy for you. I just noticed LOY went up to .8 cents. Not surprised. What if I tell you I have a bid at 3.5 cents? And, a smart trader does not have all eggs in one basket. Before I decided to take a haircut, I have already taken profit on 2 other stocks. Hope you learn, but I doubt it. You do not have the marble.