Manages Parisian Family Office. Began Wall Street, 82. Founded investment firm, Native American Advisors. Member, White Earth Chippewa Tribe. Was NYSE/FINRA arb. Conservative. Raised on Native reservations. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from Ghost Ranch on the Yellowstone River in MT, his TN farm, Pamelot or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, and will always be, an optimist.

Thursday, May 29, 2008

Scaling in.........scaling out..........

I seldom make one buy and one sale of a stock. My methodology is to average in and average out and to use varying time frames. I'm constantly evaluating my positions as conditions evolve.

A lot of traders like to set stops and price targets the moment they buy a stock. It doesn't make sense to me to do that sort of predicting when the situation is dynamic. Stops that seem reasonable one day may make no sense the next day. Rather than try to predict the best selling price, I prefer to react as the stock moves.

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