01-15-2007, 11:12 AM
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Originally Posted by orange
the third boogey man. not sure of the top. okay, the trade goes well. i take my $60 loss factor off the table to cover and the pps keeps running to $.75 (resistance) but my 3-min chart still looks good. do i cut and run? take it all off the table now? hm, i think i'd take half off and keep watching to see if it can break thru resistance. if not, as soon as the 3-min looks bad, i'd sell all.
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I think you also have to consider the commission costs as well. It will cost you 3 commissioned trades if you do that. So if you do not have cheap $5 trades it could easily cut into your profits as well. I have lowtrades and it is $4.95 a trade but alot of these other sites cost at least $7-10 and some charge extra for doing penny stocks. I would however stick to the %10 plan. You are just better off IMO to just take your %10 and use that money for your next investment, since that is what it is all about right? Why change the rules.  |