GREY:VITFF - Post by User
Post by
dart321on Jul 04, 2024 10:48am
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Post# 36118036
Accumulation Trading
Accumulation TradingOver the decaids it's allowed me to have a fairy tale retirement. This is how I do it. When a stock is beaten up I look for a double bottom or close to one before I buy my initial investment. When the stock goes up 30% I sell to cover my initial and keep the remainder which is now free paper. I will sit until the stock drifts back down then buy again. An example of this I bought and sold Canopy 37 times and now own a very large chunk of free paper. If anyone is going to do this, it takes time but well worth the effort. One more thing not always will you sell for a 30% profit sometimes it's less. Doing it this way you limit you losses while maximizing your future profits.