Posted by: timetraveller May 12, 2007
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Hey Emini, yep, CMGI was on my scan a while back but I had been kind of hesitant after I looked at the chart. I'm not sad I missed a boat, I'm just not sue if it will cross the 50 cent mark. If it does, I might jump in on this one with a pretty big chunk.
And taking losses, yeah, mine's improved drastically over last year. I make numerous small tiny losses, and then big wins that cover up for losses and give me a sizeable profits. I'm getting used to it- when I first started I used to almost poop in my pants.
I also size my positions based on the assumed risk. The higher the risk, the lower the exposure, but with higher gains, I add to them in the exact oppositve proportions to maximize my gains but hedge against any unexpected downturn with ones facing lesser risks.
Have a good weekend everyone!