If Brand New 2018 Corvettes were on sale for 1000
Post# of 15624
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Posted On: 08/29/2017 6:20:34 PM
Re: LeaveMeAlone #10494
If Brand New 2018 Corvettes were on sale for 1000 dollars each, would you call that ugly? I would just buy some and wait for the price to go up. I would say the seller got ripped off. Well you did the right move and you bought some OWCP at a great price. Now just have some patience and wait for the price to go up. I had to sell a tiny more of my stack today to swing stock another stock that I knew for sure would go up. However as a seller I of OWCP, I got ripped off, but since I knew that the sellers of the other stock were getting ripped off even more it was a good move. Never buy stocks that you are not 100 percent confident in. Never make moves that you are not 100 percent confident in. Of course you will not be right all the time, but In the long run you make a lot more revenue that way.
Now if OWCP goes lower or stays the same I get to buy more than what I choose to sell toady and yesterday and accumulate on the other stock as well. However if it goes up then my account value goes up. Do you see the point, it's not always about the price, accumulation is the most important thing when you have stocks that you are 100 percent confident will be worth a lot more in a year. I swing trade and I hold long. It's less frustrating and more exciting for me. Plus it's more profitable. I only swing very small percentages of what I own, but sometimes often. Never a good idea to sell more than a third of any stock you own unless there is bad news or you are certain it will dip. However if you're not a swing trader you will profit from this as well, but you will just need more patience.
I also like to keep an eye on volume and buy/sell ratio. In case you don't know it is possible for people to buy a stock for a whole week and still have the price go down. However when you obtain high volume days, the price is desirable if it goes up on those days. For example today was only 673K, so the small drop means absolutely nothing other than great bargains. If you look back at the charts when price was 30 cents back in January the volume was 10 Million before it skyrocketed. So lets just say we need at least 2 Million volume to be concerned with the price unless you're swing trading, and it's better to swing trade on low volumes. Go OWCP!
Now if OWCP goes lower or stays the same I get to buy more than what I choose to sell toady and yesterday and accumulate on the other stock as well. However if it goes up then my account value goes up. Do you see the point, it's not always about the price, accumulation is the most important thing when you have stocks that you are 100 percent confident will be worth a lot more in a year. I swing trade and I hold long. It's less frustrating and more exciting for me. Plus it's more profitable. I only swing very small percentages of what I own, but sometimes often. Never a good idea to sell more than a third of any stock you own unless there is bad news or you are certain it will dip. However if you're not a swing trader you will profit from this as well, but you will just need more patience.
I also like to keep an eye on volume and buy/sell ratio. In case you don't know it is possible for people to buy a stock for a whole week and still have the price go down. However when you obtain high volume days, the price is desirable if it goes up on those days. For example today was only 673K, so the small drop means absolutely nothing other than great bargains. If you look back at the charts when price was 30 cents back in January the volume was 10 Million before it skyrocketed. So lets just say we need at least 2 Million volume to be concerned with the price unless you're swing trading, and it's better to swing trade on low volumes. Go OWCP!
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