A small piece of Advice.... Don't chase the Ticker!

Posted by The Otter Way on May 14, 2012 (11:43PM)

Over the next few weeks, we will come under fire and probably miss one or two legs of increase or decrease in prices....  I suggest all to remain calm and do not chase the leg if you missed the timing... It will come back to you... or another opportunity will come your way.... 

Be careful to reserve cash and allocate enough to make your money... but not strap you into a loosing hand... Do not trade on margin in highly volatile markets..... and by no means... allow your self to get placed in a day pattern trading violation...

You will hear others who make money in high volatility...  But they carry no restrictions on the number of trips because of the fund levels in their accounts...  

Posted by incubus on May 15, 2012 (12:28AM)

I stopped chasing legs a long time ago.

Posted by Obama Bin'Laden on May 15, 2012 (02:19AM)

incubus said: I stopped chasing legs a long time ago.

Only chase tail now. 

Posted by SunnyOne on May 15, 2012 (10:46AM)

Very good advice.

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