arrh, if one had a crystal ball it would be all too easy.
No - one doesn't need the next AJX in two years or so. Anytime from now on would be fine if one was in around 10 ish.
Disregarding tax - and, yes, for investment decisions - I do actually disregard it -
The ideal in my book would be to enter ajx at say 15 cents (I pick 15 because there was stock available then - whereas at 10 it was thin).
Then, when it is $1.50 if one has another target - that would be fine - take off 10% of AJX (still leaves a very big chunk in) and put that 10% into the new target.
It is very very very important when one does have a new target - to enter as soon as possible - no, incorrect --------- as low as possible.
It is a huge difference if you put an amount (doesn't matter if it's $2k or $500k) into a stock at 15 cents compared to 50 cents.
Of course when your AJX stock is trading at $4 or $8 - then you remove some off the table - some for surety and a percentage for another target.
If the above magic happened - by the time you were on your third target and well down the road - you would be talking tens of millions.
Easy huh?
Just a quick note on tax --- yes I wasn't talking bull - when I was paying tax on this stuff - in the end I decided to ignore the tax implications - why? Because the very last thing you want is 'another' factor playing on your mind coming into the cake mix of when to sell a stock.
It is hard enough as it is without that additional complication. Sure - it makes a difference - and a big one - but, guaranteed, it will stuff up your thinking.
Now - there are some big differences there - first up - if you are in a low tax bracket and only trading small amounts - say a couple of thou at a time - then, it won't make much difference anyway. Then as you enter the highest tax bracket - well, yes, it makes a hell of a difference - BUT, if you say have a position size - starting at say $100,000 - and you entered your target at maybe 10c, maybe 15 cents - you are holding somewhere between 666k shares and 1 million shares.
Now - it is one thing to trade in and out of AJX with a position of 20k shares or 50k shares -- AND, if one is GOOD - and LUCK is with you - you can trade up the position.
Many do,
But, holding a million or millions ---------------- try that one on and see how it goes
Even try moving 200k - in and out - near bottoms and tops - and see how bloody good you are?
Honestly - you really would need a crystal ball to pull it off consistently - and, bear in mind - ONE slip and you lose your advantage. ONE slip at the wrong time and you could be locked out below a breakaway gap. Add in the tax problems and fees to that lot - and you have a whole different animal to dealing with a couple of thousand bucks worth of stock.
No - if one had the mechanism enabling one to pick - big runners - even not gigantic runners - just big multibaggers - then one has to learn to buy and hold with a solid strategy.
And as to stops ------------ well, just go back and look at big running stocks and see what would have happened ----------- and remember --------- it is different - are you dealing with 50,000 shares or 1 million shares?
See what happens if your stop fires in AJX and you have a million shares- bloody hilarious..
anyway - my guesswork on riding the top line on the bollie has run out - yesterday was the last session - so, bets off on the bollie ride. ( my pick was a high probability that it would sit on the top line for 7 trading sessions once it hit that line - it may go further - who knows)
However, the stock has not reached mid 70's where I thought this leg would take us - so, today?? - either the bollie has more legs - or the other indicators lied -
we shall see,
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have a great day all, Pinto
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Change
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Mkt cap ! $12.49M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1494467 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 103720 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1494467 | 0.008 |
6 | 3850194 | 0.007 |
3 | 414667 | 0.006 |
1 | 300000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 103720 | 1 |
0.011 | 986958 | 3 |
0.013 | 240000 | 1 |
0.014 | 134311 | 1 |
0.015 | 1200 | 1 |
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