Thursday, November 4, 2010

How to hold on to your capital, in whatever business you are in

"Remember that stocks are never too high for
you to begin buying or too low to begin selling. But after the
initial transaction, don't make a second unless the first shows
you a profit. Wait and watch. That is where your tape reading
comes into enable you to decide as to the proper time for
beginning. Much depends upon beginning at exactly the right
time. It took me years to realize the importance of this. It
also cost me some hundreds of thousands of dollars."


Huge gains today, the euphoria was strong taking 72 hours off before I decide to make an idiotic decision.

Managed to get a fill after hours yesterday!    Notice what I saw yesterday and what happened today.  Broke the opening range yesterday AND started to slice the resistance from last month.   Blue lines denote resistance, and green lines are this months opening range.

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