|Posted: October 2, 2005, 8:10 am - IP Logged|
CalifDude..... has as his signature the following.
Go with what's HOT...not with what's not"
When ya think about it there is a short downside risk to going with what's hot.
Back when I used to play with stocks I stopped selling short for just that reason. Your gains are limited when selling a stock short .....but going long on a stock has unlimited potential.
If you go with what's hot you will be right about 50% of the time as usual ...... but the up side is that its not as expensive to play that way and you might stay lucky for a looooooong time !
Play what's hot ..... you might stay lucky a long time! If your not.... at least it's over quick." LOL
It's the right way that's for sure. I don't always do it but it's the smart play in the long run. Players would rather be right than win sometimes...LOL
The only real failure .....is the failure to try.
Luck is a very rare thing....... Odds not so much.
Odds never change .....but probability does.