brerwallabi
The Oracle
- Joined
- 5 July 2004
- Posts
- 1,053
- Reactions
- 817
Tric said:tech/a
I don't really want to get into the debate on how to trade, each to their own and I totally respect the generating of discussion and learning you have promoted tech/a.
but have to respond to this (with a degree of tongue in cheek)
"Much easier to ride/continue to ride an incoming wave than sit around in the water waiting for one to build up !"
imo it depends on many factors, but my best response is:
"depends on how big a wave you're waiting for and how good a ride it is".
Well you could be waiting for a wave that never comes.If its moving then ride it! if its flat no point waiting while other waves are on their way (Opportunity cost).
the key is not to be dumped and wiped out...
How can you avoid that which you cannot predict?Is it not better to be in the position where even being dumped wont mean wipe out!
imo a balanced holding is important and when picking penny hopefuls, having your finger on the pulse at all times is vital.
If your determining balanced holding to Performers non performers and losers then thats a balance i try to avoid.
I encourage actively seeking and remaining involved in PERFORMERS for as log as possible NON PERORMERS for as short as possible and LOSERS get DUMPED
brerwallabi said:Well what a suprise I got when I finished looking at inside traders pick of the week stocks, whilst I have a great deal of respect for the organisation their record atm in POTW's is not really hot. Their reports are very constructed and researched and are eagerly waited for, but have a look at the last six months picks from 1st July 2004 and there aren't too many success stories.
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