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Need some COIN in my wallet

V!NCE posted on 01/15/08 at 04:34 AM

So as you can see from my trading history, I've been playing with a little known stock COIN. I've made some descent profits, but I recently sold my 50 shares 2-3 trading days too early... Yesterday, COIN jumped up 54%... What's even worse is that I had some shares about 2 months ago at around $3.80/share and now COIN is sitting at $12.85...

 So what have I learned from this? DON'T SET YOUR STOP LIMITS SO HIGH!!

 Haha oh well you live and you learn! 

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Posted by V!NCE on 01/15/08 at 04:34 AM

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StudentStocks.Blogspot.com

Member since: Feb 08
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StudentStocks.Blogspot.com
Posted February 15, 2008 (06:05AM)
or, you learn to buy and hold instaed of flipping shares so quickly.
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V!NCE

Member since: Feb 07
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Trades 56
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Professional Money Magnet
Age: 20's
Corona, CA
V!NCE
Posted February 17, 2008 (05:08AM)
It's not that i've been selling just to sell, the stop limits i had been putting on my stocks (to protect my profits incase of an unforseen drop in price) were set to high. I do implament a system of buy and hold, but because COIN was so volatile, those limits were being reached durring early morning trading.
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Jim Bradley

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Jim Bradley
Posted February 21, 2008 (09:41AM)

Ah yes,

I could use some COIN now.   I see you have made some real $ with this stock.  Congrats.

One method I use is selling some percent at 30% gain.   and then the balance at my target price.

Will take a look at COIN for a trade.

thanks,

JB

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