Shares are all about the 3M’s (Mind/Money/Method) and if done...

Shares are all about the 3M’s (Mind/Money/Method) and if done right which takes time to develop you method than it is much better odds than lottery. Correct position sizing for the risk, cutting your losses and let your gains run is important. But it is easier said than done.

I haven’t been in JRV for a while but I rode this one from 30 cents to near $1 and sold out at 0.70 on the way down. I got back in below 50 for a brief rally and then when more bad new hit I sold for a smallish loss. Selling you gains is harder but if you set and revise Stop losses that become take profits as prices move in your favour and stick to them knowing that if you sell and do take profits and then things reverse you need to not be afraid to renter the stock again. But when you do you treat it as a new trade not referencing the previous. I follow Van Tharp’s teaching somewhat and also follow Carl Capolingua method of scaling in and out of trades, I especially like the idea of selling/buying an appropriate amount depending on the strength/type of candle/price action.

I haven’t checked in on JRV for a while. Doesn’t look like things are going to turn around soon. I hope I am wrong but if/when it does if appropriate I will renter.