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Cr4zyness - Tue, 19 Dec 06 :

Gas Trader,

I really do understand your frustration but there are 1000's of shares out there and all of them have a potential either to short or long for different market conditions.

If I can give you any advice then this is it "research and research more, if you have limited resources ie small capital, put a stop loss on it. Let me explain that point.

You decide you like a stock and buy at £5.00 put a stop loss on it at say £4.50, if your decision was right to buy the stock it goes up to say £6.00. Now move the stop loss up to £5.50 that way if the share crashes to £3.00 you will be stopped out at a profit. If it carries on to say £8.00 then happy days, but a trailing stop loss is the way for me anyway.

Only my way of helping and may not suit everyone but it will keep you solvent!

Hope that helps somewhat.


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