The big boards are for those individuals and funds
Post# of 2559
Posted On: 03/02/2014 2:40:29 PM
The big boards are for those individuals and funds using more conservative money. I have a few friends swing trading $500,000+, and they are quite successful at bringing down 10%-30% on their trades, many of which I share here and play with them. When someone gets to that kind of a portfolio, swinging for a 10%-30% gain equates to $50,000 to $150,000. Not bad for all these big board trades being shared here. LJPC, which I didn't cover today, was good for a 40% gain with our sell last week (link back).
We all know that the largest gains are made in the penny arena, but one also finds the largest losses there if one doesn't stay disciplined. Believe me, I know all about that from past experience. Drank the kool aid and trusted the wrong people. And THAT'S why I use charts. Momentum shifts of money flow are easy to detect on the charts. They don't guarantee success but they are a fantastic tool in the overall execution of entries and exits.
We all know that the largest gains are made in the penny arena, but one also finds the largest losses there if one doesn't stay disciplined. Believe me, I know all about that from past experience. Drank the kool aid and trusted the wrong people. And THAT'S why I use charts. Momentum shifts of money flow are easy to detect on the charts. They don't guarantee success but they are a fantastic tool in the overall execution of entries and exits.
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