$Assure (IONM.US)$ Benefit of scaling out profits on the way...
$Assure(IONM.US$ Benefit of scaling out profits on the way up is that now SS’s cant beat me though! well unless they drive the price into negative numbers! hehehe
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Jaguar8 : True. Scaled out on NLSP so booo on the SS haha. They ran it down too
104254931 : Boss... do your commissions not also stack up? or overall, it is still better?
TrytosaveabitOP Jaguar8: Hehehe! Nicely done my friend! Yes they always do right!
Jaguar8 TrytosaveabitOP: We need to outsmart these evil ones
TrytosaveabitOP 104254931: It depends of the fee? Like this one it’s 16.74% overnight! Some are less! But I’ve seen just recently a couple where what you’re saying applies! But they had a fee of over 700%
TrytosaveabitOP 104254931: Oh im sorry! You meant broker fees! No my fees are only .02 per trade! So it’s a no brainer to scale out! I can make 10 sales for .20!
TrytosaveabitOP Jaguar8: Yes indeed we do!
103073416 : I should remind myself to do this as well.
TrytosaveabitOP 103073416: Yes you don’t make as much if you waited and sold all at high! But at the same time, by me doing this if it would drop all the way to .30 and I sold there? I would still be 50%+ total profit! So it allows me to secure profits but also allows me to handle bigger pullbacks without going red!
103073416 : right. even consistent 20-30% profit is a lot in the long run.
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