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The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!

Sunday, March 06, 2005

Let's find more great plays!

We are just killin' the competition with our 1 day trades! (If it goes up this much, don't even think about holding it as an investment unless you want to experience serious pain!)

ABLE up 85% in 2 days, after the call
CNCN up 100% the next morning, after the call
PTSC up 50% the same day, ......
MAMA up 40% the same day...
ALTI up 150% the same day + next morning
ELON up 40% the next morning
BITS up 70% the next morning
GEPT up 70% the next morning
GRU from 16 to 30 in one week

and many more!

No, i don't go in at the beginning of the run (only the lucky ones, the psychics and big-time manipulators do that!) I see the run and I see whether or not they have more room to run (by looking at charts, etc), and we dive in for the ride and then we take profits along the way (which is the hard part!). When we get sufficient profits, we sell some (if not all) right then and there and ask questions later! It's just me making the calls, and i play most of my calls (including the ones i don't call publicly...lol). I don't have friends in high places or "in the know", and i don't have a following like Mr. Pacman328 or Mr. IceMan. I just have a few people on message boards who wants me to continue posting, because they want to follow. So, that's what "we" refers to. You take the trades, fine. You don't take the trades, fine as well. Just do so at your own risk. But if you do, make sure you really start taking profits as it goes up 30%-50% or 100%. If you are greedy (and i have been at times), then you are on your own. If i don't mention the stock anymore, it usually means i have little or no position in it anymore. Whatever profits you make, i don't recommend you put all of it back into the next trade, because you are bound to make mistakes. Transfer some profits back into your bank account, use it, give it to your wife/husband, buy Pixar stock, etc, whatever. But don't take everything and dive back in the next trade!

OT: Recently, the biggest mistake i have made is putting money into INCX and holding it thru earnings, when i had lots of reservations about it days before. I succumbed to greed and the INCX hypsters that sounded like they have inside information. lol. I got out with a loss. We learn from our mistakes and we move on. End of story.

Let's rock tomorrow!

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