a strategy which you are comfortable with someone else might not be.
i recently got some 'professional' advice from my bank regards investing. we went over lots of strategies .. and the advisor at the end of it all said 'all of those strategies are great and there's nothing wrong with any of them, but now i have to ask you, 'what are YOU comfortable doing with your money.' great advice i thought.
i actually agree with you TheAnalyser, buying a stock for $5 which goes to $10 is the same as buying a stock for $.10 which goes to $.20 there is no mathematical difference at all. but what i'm I'M not comfortable buying a 10 cent stock? like i said, all the strategies work .. but which one are you most comfortable with?
you'll find the better traders are ones who know their strenths (and that includes psychological and mental strengths) and stay within those
