how much risk%%%, page-19

  1. 8,937 Posts.
    Salejam > I can tell you now that if I had made a few cents on a share that went to 17-18 like BUY did on decent qty, I would have snapped that profit. If it keeps going 'that's life'.

    Here's some advice > I'm not going to buy diamonds now in the hope they will go up. They will in time, but who wants to store them? Same with shares. Every day there is 'sparkler', sometimes like SFR a rare diamond. Undertsand the difference. The idea is not to buy the mine, but to mine it.

    As for trade quantities, if starting out I would play no more than a quarter of what you have available and do MAYBE 3 trades of $7K. The qty and price should ensure that you can cover brokerage costs. A stop loss is set at $350. Look for fallen angels or mini runs and before you buy, know the exit. It's the reason they have flight drills BEFORE you fly.

    Luck

    iPod
    PILOT
 
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