weekend aftermarket lounge 7-10 september, page-39

  1. 7,714 Posts.
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    When to sell...This often boils down to each trader's make up & his past experience & expectations & also to the "personality" of individual stocks one trades.
    There is a myth that the more we trade , the more money we make....What happens is we make small profits & small losses...The return is not worth the effort ( it is well worth it for the entertainment it provides,though)
    One needs the big wins to compensate for the numerous small losses.
    Unfortunately ,with our obsession with resources penny stocks,this is very hard to achieve....Only a handful will be major gainers....The vast majority will just have their violent swings.....Not every day we come across an SIR or SYR.
    SO.....for 99% of trades in resources penny dreadfuls, I am content to capture a 10 - 25% bounce.....But...I need my big gainers...I look somewhere else...Different stocks...Different personalities....Different time frame.


 
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