Re:Karoo- US shale gas operations offers lessons for other countries
in response to
by
posted on
Jan 08, 2013 03:08AM
Developing large acreage positions of unconventional and conventional oil and gas resources
Simpleton Trading By Oilman -
Use Last In, First Out Tax Accounting -
Long Term Investment - 50 % of total Inital Investment, 50 % short term trading account
Hold Long Term as long as you feel this stock is in your list of top 20 investments. Your choice as to how many stocks you need for diversification.
Sell 50% of your short term account if 7 day simple moving ave (sma) goes down thru the 20 day sma
Sell remaining short term account if 20 day sma goes down thru 50 day sma
buy with cash in short term trading account when 7 day sma > 20 day sma > 50 day sma
Sell without emotion on the short term trading account - you need to sell when it says exit no matter how you feel or think - keep it simple!