I agree 100%
I don't know how accurate the following
I agree 100%
I don't know how accurate the following saying (very popular on the grapevine but often used in conjuncture with trying to sell you a day trading course... so I don't know)
90% of traders lose 90% of their trading assets within 90 days.
The first thing is people think they can short a stock with impunity not understanding that their risk is actually infinite and their "potential reward' is limited to the amount they got from shorting the stock. doesn't that sound dangerous! well it is, this is why you get all these idiots bashers... they don't 'work' for the market maker, they are just amateur day traders. maybe they got lucky a few time and now they are cocky, but in the end their luck WILL run out.
One long term strategy for RMHB: choose a number of shares you want to keep long term, perhaps this is your retirement plan and you would love to live off the dividend once the company start distribution on a regular basis (could be 1 million. 100k or 10k shares...that is personal to you)
You will notice that the spread between the bid and the ask is about 5-15% ----) this is HUGE! while keeping your core position untouched, you could buy at bid and sell at ask (a small position as to minimize risk while you learn) you can even experiment and puit bid lower and sell higher.
doing this will have 3 effect:
1) since your average sell price is probably higher than the price now you actually make a capital loss that will be able to cancel a futur capital gain
2) you lower your average share price (since you are buying lower)
3) you have cash in your pocket (allowing to buy if the price goes lower...stealing those shares from potential amateur shorters.
That is it for now, hope you enjoy today's strategy that can apply to any stock in any market
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Rocky Mountain High Brands, Inc. (RMHB) Stock Research Links
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