Too funny Albert! But it is an absolute truth that right after a guy buys the market goes down... thus my "scaling in".
Okay -- so I forgot a key part of my post about looking at your account and picking away at any of the names you've yet to "max out" on... and that key part was to not look at just the numbers as in --- a $10 stock is down .50....
Rather -- look at the PERCENTAGE move. So Banco Santander (STD) is down today - and I took some more because it was down 5%... This is a $7 ish dollar stock -- so it's down a whopping .45 CENTS - but that .45 cents is 5%
I have other stocks that are down in dollar terms far more... Phillip Morse (PM) is down $1.22 as I write - but that's only down 1.43% so I'm not taking down any more PM for a picayunish 1.5% move... But STD down 5% if it just comes back to YESTERDAYS closing price I'd have a 5% gain.
I'm not looking for 100% gains -- or 50% gains... tomorrow... or by the end of the month. I'd like (LOVE?) to have a 10% gain by years end... but if I have a TOTAL RETURN of 10%+ by years end I'd be thrilled.
So watch for PERCENTAGES... because that's how you make money!
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