So you thought I was crazy on Friday, huh? Man do I love it when I am right! Granted, it doesn't always happen, but it sure feels good when I pick it right and actually act on it. Yep...I followed my own advice on Friday and bought QLD at 30 and DDM at about 31. Now my fellow grasshoppers... here is another lesson in making money and it goes something like this...
Bulls make money, Bears make money, and pigs get slaughtered. Don't go out and be a big pig and try to double your money on these things...take some profits. In my case, I think there might be a little more upside follow through tomorrow morning, but I plan on selling at least half of my investment tomorrow. These types of rallies don't happen often, the economy still sucks, and if you can make a 25% or 30% return in 2 days that is 2 years of good work...sell and live to fight another day. Either that or sell half and set a downside stop on the rest at maybe 20 or 25% gain...you can always buy back in when it comes back down.
School is now out.....good luck Daniel-son....
No comments:
Post a Comment