dare i say words of wisdom..., page-23

re: blueballs Blueballs I have no problem with what you say. I have traded LUM a number of times successfully and have re bought a little while ago. This current position is down at the moment but not yet at my at my stop.
The problem I have, is what if someone’s stop is zero? Madness you say? If Lum went to zero, what percentage have you lost? If Lum succeeds what percentage do you stand to make? What if you can pick successful spec stocks right 40% of the time? Right might mean at 400 or 500 % you sell half your position. With these rules you can load up your position up when everyone else panics.
My main point here is everyone trades differently, if we get it wrong to often we are out of the game, simple.