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MichaeltheGreat
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Apolyton Grand Executioner
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mooning the house that Ruth built.
Oct 1999 time: 21:23
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quote: Originally posted by Japher
Microcaps are scary... I'll stick with my volatile large caps |
Microcaps are beautiful, but it's not like you want to hold on to the things... - I just play off the lemmings who stampede in or out on the basis of whatever the news report of the day might be. Look at the fundamentals and technical analysis, look at the real time price and volume, make an estimate of what I call the "Rationality Index" and then set a buy and sell point.
If I miss my buy point, I don't chase the price up, I just start researching other volatile microcaps. Unlike these day-trader dumbasses who are usually just addicts using the markets as an online casino substitute.
The other thing I never do is try to see how far I can ride a price swing, whether I'm long or short - I preset my exit point and put the order in and live with it. With Able Energy (ABLE), I missed, since the stock has continued to run up, but I made a 6% net profit in one day on that transaction, so who the hell cares?
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MichaeltheGreat
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Apolyton Grand Executioner
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mooning the house that Ruth built.
Oct 1999 time: 21:23
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quote: Originally posted by Japher
You're really just a Trader, not an investor.
I like to think I'm an investor, I don't have enough time to trade that much.
Though if I spent more time researching than posting... 
naw, you'd all miss me |
I prefer "speculator" but "parasitic capitalist vulture" works just fine, too. 
The investment is my money, not the stuff my money has bought at the moment. If I trade successfully first, I'll have more to invest at the end.
Buy and hold and watch the company grow is nice, and if you've got Buffett's capital the only way to go, but too much of the market is driven by the whims of a bunch of New York yuppies for my tastes, so I work to beat them at their own game, at least until I've got enough that getting my investments pushed around by their games won't faze me.
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All times are GMT. The time now is 05:23. Apolyton Time is 00:23. |
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