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All great tips and I'll make use of them, but maybe I should clarify myself a little.

Posted by: dave3626 (a.k.a del_VUA_Dave3626) on Apr 10, 19:32 in response to PVL Admin's post Yeah, especially with a port size 10% of ours. ;)

I've heard people say they move their money around all day, and that's how they make the big bucks. Then exit every position at end of day, and start fresh with the rising sun. In and out and then on to the next thing. Now that's what I've been doing with news and today it paid off nicely with a 3.2M gain on mostly news plus some action on this weekend's openers.

Years ago when I played there was the Blockbuster fund and whoever ran that thing knew how to plow their cash into something, make a nice profit, then flip that sucker at just the right time and then do it again on the other side. I want to learn how to play like that. Maybe it's mostly an issue of fine tuning intuition, though, in which case I'm just going to have to practice, practice, practice.

I have roughly 32% of my worth sitting around in cash, and I have no idea what to do with it. dave3626 Apr 10, 08:10

Funds, penny stocks {nm} DTravel Apr 10, 08:13

Summer's coming soon, you'll need some cash to play those big opening movies... You could actually start getting your positions slappydavid Apr 10, 08:52

I was just going to suggest exactly what slappy did. What I've done, is every time I have a large sum waiting around, I invest in an PRodQuanta Apr 10, 11:01

Can do. One question, though. What is the metric you personally use to determine if those upcoming openers are underpriced? {nm} dave3626 Apr 10, 12:08

You can look at comparisons (film type, date), tracking information (posted regularly on the movies board, with its share of analysis)... slappydavid Apr 10, 12:32

Yep {nm} PRodQuanta Apr 10, 16:19

I'll tell you what metric I use. I trust my gut. How do I know my gut is trustworthy? My gut tells me it is. ;) j/k {nm} amnesiac Apr 10, 13:45

I must say, the logic is airtight ;-) {nm} dave3626 Apr 10, 14:03

Hopefully, so is his gut. {nm} DTravel Apr 12, 07:50

You can reach farther out (starbonds, movies, etc...), invest in higher priced stocks, and/or try out a new strategy. {nm} PVL Admin Apr 10, 11:19

I would like to get a handle on a solid daytrading strategy. I want to really learn the rhythms of the market throughout the day. {nm} dave3626 Apr 10, 12:12