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Establishing a position.
posted by mike jacobi on 5 months ago
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Mark,

As a novice I once obsessed about the same minuet details as well. Although, if you think
about it with that approach you're being penny smart and dollar foolish. I was also eye
balling certain stocks that I liked $.50 cents up and $.50 cents down just waiting for the
perfect time to pull the trigger. The bottom line is if you like the company why does it
matter if you pay a few cents more on each share. If you do the math you’re only paying
a few dollars more. And if this is a stock you’ve done your homework on hopefully
there's more upside than a few dollars and cents. This to me is a redneck action…. Its
like driving your 18 wheeler 50 miles off the interstate just to save .6 cents on a gallon
of diesel fuel.

I suggest you pick a price range on a stock you’re looking to buy and pull the trigger
on the average price in five days.

Now Cramer mentions to buy half from the get go and half if the stock drops a few points
more. DON'T BUY ALL AT ONCE.

Good Luck,
KH

I am trying to maintain displine. I cannot due to previous heartbreak use options. I hear
the 5 day rule on Cramer reccomendations. I follow it with price exactly at close when
mentioned. I have been filled on 2 of 10 positions. Do I just say thank for the two or pay
up or just leabe the limit orders forever. Thank You In advance

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