Post by
JACKTHEBEAR2 on Mar 07, 2022 11:23am
Momentum
Always ride positive momentum until that 15-20% margin is achieved at which point the profit taken kicks in and a downturn is coming.
Comment by
JACKTHEBEAR2 on Mar 07, 2022 11:26am
You can't go broke taking a profit but you can if you always wait for that huge score. Imagine how much money could have been made over the years if people were not holding out for the $70.00 club.
Comment by
maestrodrumboe on Mar 07, 2022 11:35am
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Comment by
wintersun10 on Mar 07, 2022 11:56am
10 Failed trades to the amount of 10% gets you quicker to bancruptcy than any buy & hold ever will...
Comment by
JACKTHEBEAR2 on Mar 07, 2022 12:10pm
Dont get your logic. If you buy at 1.00 sell at 1.20 then you make money if you then trade with the money you gained and leave the principle in a interest bearing acct if your next trades are losers you only loose that what you originally gained
Comment by
wintersun10 on Mar 07, 2022 12:27pm
If, if, if.............. All those ifs never play out all the time. At best you play even. You sell at 15% profit is really stupid because you never run up your profits. Now you say let it run, but first you said you dont go broke taking 15% profit. And since when do you know you are looking at a profit or a loss and how big? Its just Fantasy Land non sense...
Comment by
BullsBearsBrian on Mar 07, 2022 1:28pm
Lol, now what do I do jack