What is your typical position size on some of these RTK trades? 1000 shares?
Sensei
· 1 year ago
Nothing for me is typical, but in this case it was a 2000 share position. I play more money with more secure things. In the index funds I may trade xx,xxx shares. As my confidence grows using this new strategy to find stocks like RTK, LLNW, CAKE, RT, PWAV, SNTS, grows, I'll be able to commit more capital to these type of trades and clean up. I know there are people out there who will drop 100k on a RTK and not blink, but I can't do that without worrying my ass off. My trading performance would be diminished considerably if I did that.
Sensei
· 1 year ago
I should also mention that I got scared in RTK, because I bought it several times waiting and hoping the pattern would play out. I had to have patience like I didn't have with PWAV and more recently LLNW. It takes time for the pattern to unravel.
On that date I bought 5800 shares, so it varies. I was more confident probably at that moment because I saw PWAV work out so well, but without me participating in it. I then went on to sell that RTK the next day for a 4-5 cent gain which was not the right thing to do.
All Comments
In RTK's case I bought the stock and sold several times.
http://www.stockrake.com/a-very-nice-day~2008~0...
On that date I bought 5800 shares, so it varies. I was more confident probably at that moment because I saw PWAV work out so well, but without me participating in it. I then went on to sell that RTK the next day for a 4-5 cent gain which was not the right thing to do.