and if you don't get that bounce then your third bid is going to be the total of
the first and second bids added together on another big dip.....so don't bet it
all on the first bid....have some patience...$30 stocks bounce back in forth in
roughly 20 cents to 1.50 movements....depending on the stock....the dead money
plays are the ones everyone really likes....those over $100 plays freak people
out cause of bigger money moves...it's the down side that scares most but that i
think is cause people like to buy big right off the go.

space your dip buying percentage out more and on your second bid make sure it is
at least the same share count as the first but you have a better chance if it's
1.5 more than the first bid.

avoid times like this. do swing trades if youre not a daytrader. your edge is
that you DONT have millions and can be nimble as possible.

This is the last two weeks of summer....
Wall Street is vaca....
sit back and take a break...
very light volume now...
sit in cash and watch which way the wind blows...
come Sept.....

Averaging down?

Not my favorite thing to do anymore. There's a forum called Trading School Pickr
Rules. The biggest problem is that many of us have allowed a stock to sink 20%,
30% and more.
It's kind of essential to understand how to protect yourself from big losses and
hoping your stock that used to be fabulous will recover.
It seems essential on biotech - ouch. Those stocks tumble really hard.

It seems as essential to accept what the market is saying - dollar up, oil down,
commodities down. Yes POT and FCX and all those used-to-be's can roam 4-8% a day
- but they go in both directions.

And yes, you probably can't even buy aapl or rimm and think you can just buy and
hold - rimm was at 140ish and fell to 105ish - without a stop and with just hope
one could lose a lot of money and please know I have done an obscene amount of
round trips.

Patience is probably good - as Peter says - you do not have to trade every day.

If the market says you are wrong, you are wrong.

Once you understand that, you can start making money.

time and patience.

insider trading.