$Imperial Petroleum (IMPP.US)$ I CAN'T WAIT
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I talk to the people that trade the stocks I am in. The people buying or selling,
BUT WHY IS THE REAL QUESTION TO ASK.
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YYVE : Me too
rainbowny520 : I’m just asking .. I remember you said you are not going to sell a single share until the price goes up to $3. But how can the price you holding are getting lower and lower?
izit you keep topping up big sum of the stock?
Dons hobbyOP rainbowny520: I do a variation of a day trade. If it's got low volume as well as other things that make me think it's going to go down I will sell it wait till it falls and buy back in at a lower price. Not selling anything till it hits three is still my plan but that doesn't mean I have to sit here and eat the fall. I have done this 5 or 6 times in the couple months I have been holding it.
If you buy back in with the same amount of money you sold it for at a higher price you will get more shares using the same amount of money. I have sold it but I buy more back without using any more money. I hope this answers your question
rainbowny520 Dons hobbyOP: Thanks for your reply, and that really inspires me!
Dons hobbyOP rainbowny520: You don't have to sit and eat the dips, BUT YOU HAVE TO WATCH VERY VERY CLOSE.
if it would turn around on you, I use a 1.5% rule. If it turns around on you and starts to go up if it goes up 1.5% buy back in and take your 1.5% loss it's nothing compared to what you just blocked a 10 maybe 15% fall. Theore you do it the better you get at it. Just so you know at this point it's to low to try it. Doesn't mean it wouldn't still work but you have to have big stones to try this with the price being this low.
Dons hobbyOP : The more you do it, sorry can't type
rainbowny520 Dons hobbyOP: Yea must have to watch it very closely. Some stock suddenly go up in the pre market next day! Yes I will learn the tactics and thanks for sharing!
Dons hobbyOP rainbowny520: I never ever do this anytime except regular session
rainbowny520 Dons hobbyOP: Is that means that you operate it within the same day?
Dons hobbyOP rainbowny520: Yes usually, only once I held it overnight because it looked bad for the next day, very nerve wracking though lol
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