GREY:MPRXF - Post by User
Comment by
abbemanon Jul 11, 2011 1:33am
335 Views
Post# 18816513
RE: RE: RE: RE: A patient wait
RE: RE: RE: RE: A patient waitCurve, actually your trading philosophy resembles mine. I also follow about the same rules as you do. Especially when playing with high-risk stocks I try to limit risks through early profit taking when there is opportunity. A profit is a profit for sure and it can be expensive to be too greedy. But let's say you would keep i.e. a half of your profit in MGP invested, then you still sit with about +100% if MGP goes to 0, and you keep on gaining if MGP grows more steadily without good opportunitys to get back in. Maybe you don't believe in MGP but why be all out if you still believe in the company? You've done great with MGP so far, I would guess more than most of us if not all of us, so right now your strategy looks the best. Right now... :) We will find out, I remain invested because I believe there are triggers with MGP right now that we have never seen before. Good luck to you too!