They don't make money fool!
Has anyone ever told you the number one rule in trading stocks is never average down or buy a stock that is going down?
Day traders don't hold over night. They can control what they lose unlike longs. Day trading takes skill but you can make money at it. I have. Look at my strategy alert this morning on DGLY. You don't want to know what I made.
Did you think 1.82 was the bottom? And why do you think that? cause it went down a lot already? You can do that if the stock was sold off unfairly like SEAS. But RGSE wasn't sold off unfairly. It was sold off because it's got nothing going for it. You need to understand the difference. If you had, you wouldn't have bought more. I bought 5k today at 1.61 with a stop at 1.55 just in case it popped. It did a little bit but came down again. I got out at 1.67 for a profit of 300 bucks. That's how you do it. I also bought SEAS this morning at 19.49 (2k). I was in and out of SEAS today for a profit of 725.00. Same thing with JRJC in and out for a profit of 247. These stocks are what people bought today. Get it?
Seems to know? and how's that? Can you here it in his voice. Wow, you're good. Never go on what or how people say things. Go on what the sum of the product is. Can you see Warren B. saying "hey that CEO seems to know what he's doing. Yea, let's buy 10% of his company based on what he says!
So now we're going to stick around to see if this guy can save the little birdie. Hey, how about this. Put your money in to stocks like Seas, make money while you watch RGSE. If it starts to move then buy. Hey there's a FLOcking idea. Or we could hang around and talk about RGSE like its a soap-opera!
"man I never thought it would go this low". "Wow, i should have gotten out long ago" Sound familiar? Nothing really changes in the stock market or business because of the characteristics of the human being. The only thing different is the date. If you want to be a winner, come up with a plan or strategy. Holding on to a stock to the bitter end is not trading or investing. It's giving to charity, unfortunately, not your favorite charity.
Real Good Solar. Real bad stock.
I went long on SEAS this morning.
Unless you want to emotionally attach yourself to this poor little birdie with two broken wings. Come on little fella, I won't leave you. We'll fix you up so you can fly again. And then I'll feel better about myself. #$%$? Are you people traders or bleeding heart psycho's who crave a good ending. This is business and in business you have failures. The idea is to get away from the failures and attach yourselves to winners. Duh!
BTW - Below is a link to one of the most famous traders of all time with great quotes. This dude has a lot of good things to say. He would not be a buyer of RGSE.
Once again mememggmemrmermememan. it doesn't matter how much revenue..... It's the profit margin. I learned that when I was a paperboy. I learned that in school when I was selling illegal substances. If you have 20,30,40 or 80% margins then you can show a profit and people will want to invest with you. It's that simple.
Thanks Blue, one of the best posts I've seen all year. Not because I was right (this time) but because you're honest about it. Ok then, what do you think about ARO. The old CEO is back in the slot, just like JCP. Could ARO make it back to 10?
healing the little sick ones. And, this one is very sick. Entry point. Jesus H C. You've got to be kidding. Hope the little Fella (RGSE) makes it.
Based On what? Just cuz it should be. Good luck with that. That was the worst earnings report I have ever seen. And you think this stock will be 3 to 4 dollars. They have no earnings or potential. Smaller contractors can beat them out on price due to low overhead and lack of corporate bs bosses.