Advanced Explorations Inc. ADEXF

Study your trades

[VENMan]

I'm a buy and hold investor because i have taken the time to study my trades and have come to the conclusion thats what is best for me. For me AXI is all buy trades under 40 cents and a sell trades over $2 per share and when you finally get out stay out. A guy posted on the  ADV bullboard that he bought 40000 shares at $1.28 and sold his whole position of 40000 shares at $1.80 to "lock in profits". Then bought back in (assuming 40000 shares) at $1.60 with $1.38 stop. Study your trades!! Look he made $21 grand profit will have to pay $4 grand in capital gains tax, he took $8 grand from his $17grand after tax profit to buy back his position so he has $9 grand cash profit but is sitting with a $2 grand paper loss because the stock closed below his $1.60 entery point. If he did nothing at all he would have paid no commission on trades, no taxes and be sitting on a $12 grand paper profit. Plus if his stop gets hit at $1.38 he has to ask himself if he has ever bought back a stock that his stop has gotten him out of. I can say for myself that I have never bought back into a stock that my stop has gotten me out of because thats the whole point of a stop loss, if you use one. ADV stock may go to $1.30 his stop could cover and he may never get back in after his stop gets him out and he may move on to some other play that could land him in much worse situation than if he just held onto ADV and then he could come back several years after just to take a look at  ADV with no position in it because he got stopped out and see the stock at $4 per share. All I am trying to say is that Its important to study your trades and learn from them, to not repeat the same trading mistakes and to  find what works and stick to your balls ! I totally do not mind giving traders this advice because most will not follow it ! They would rather follow the herd !

Best of luck to all Longs