"The list" has suffered a decimating blow...along with most of the miners!...Volatility will be increasing in "the daze" ahead...buying & holding will kill you!...It's a whole new ballgame...& you had better be prepared to trade...if you plan on surviving!...25+% of your miners should be designated for your trading position...& the other 75% of your miners should be a core position!...When your core position doubles...sell at least 1/2 of your shares...or all of it if you choose to do so!...The trading position is what you use to buy more shares when the price is low...& sell when the price is high...this is where you take your profits...& turn your profits into more shares...or more cash...or better yet...more ounces of physical gold/silver!...It's okay to have cash as your total trading position for a period of time...it all depends on whether you are trading for the short...medium...or long term!...Sometimes you may do trades numerous times in a short period of time...sometimes you may be all in cash...waiting for the share price to dip for awhile!...Always buy/sell in 25+% - 33% tranches to accumulate/liquidate your trading/core positions!...Volatility can be your best friend...if you trade efficiently!...Fight the temptation to buy back in at a higher price right after you sell...unless you are a very proficient day trader like Atlee!...Above all...when you "see a profit"...take "a prophet" by the hand... listen to Rick Rule!!!...
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/12/29_Rick...
Okay...you're good to go now...go get 'em!!!...
Bag Of Gold
Ive set up my 25% trading shares to sell off at 25% increase in price. Not sure if that is good or not, but thats what i got so far. Anyone that is better at this (which is everyone) have any better ideas to mod this for better profits?
Comments for "Bag Of Gold's Penny Stock Arcade & Emporium..."
With such a small amount of coin you are using to buy the pennies...much of the above does not apply!...Trading in & out of these pennies...will kill your profits because of the commissions you would pay!...My suggestion to you & others with small amounts of cash...is to buy & hold these pennies for 3 or more years...as you would need profits of at least 1000% or more to make a reasonable profit...& being realistic...I don't think this is going to happen for at least another 3 years!!!...
However...I do believe our pennies will fly...please read this article from Got Gold Report...these are my EXACT sentiments!!!...
http://www.gotgoldreport.com/2011/12/why-we-remain-bullish-on-small-mini...
Let me add...If there is going to be a "substantial dip" this coming week...it will be the best time to add to/start any core/trading positions!...The dip could last until January 24th (cycle turn date)...I have previously mentioned this...& if we don't get any "substantial dip"...then it is clear sailing until January 24th...& I have these "warm & fuzzy feelings"...our pennies won't be looking back!!!...
Bag Of Gold
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