Comments on Welcome to the Gutter: Cash is a Position

Thanks for the comments, guys! TMcNasty, saw you ...

2010-05-11T21:15:44.435-07:00

Thanks for the comments, guys!

TMcNasty, saw you took a hit on MCGI today. I took one too.

Great point! I made no trades 5/3-5/7 for this ver...

2010-05-09T14:19:45.470-07:00

Great point! I made no trades 5/3-5/7 for this very reason. I don't want to be out of daytrades or wrapped up in an underperformer when a great opportunity strikes. Think of all the losses longs suffered on 5/6/10 by being long at the wrong time and in the wrong stock(s).

VERY IMPORTANT POST RIGHT HERE... The Average Tim ...

2010-05-07T17:28:47.276-07:00

VERY IMPORTANT POST RIGHT HERE... The Average Tim Sykes trade brings in 13% for myself. It can move my portfolio 4-8%, sometimes more depending on position size. In a month, your portfolio can quickly be up 10-15%. That translates into 300% annually. It's getting those 3-5 trades in the month that drop 10-20%.
Speculating on a stock just doesn't cut it. Tim's stocks are not speculative. It's a fact they're eventually going to drop. People don't understand the pumpers create a bubble in a stock and unload at the top, creating panic and fast drops.