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Registered User
Joined: 1/24/2005
Posts: 5
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What do I do with my SCMR, Peter?
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Peter as in Peter Worden?
What do you mean "What do I do with my SCMR"?
- Craig
Here to Help!
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Registered User
Joined: 1/24/2005
Posts: 5
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Yes, Peter, as in Peter Worden. By this, I mean, is it time to "bail" on this position?
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Administration
Joined: 9/30/2004
Posts: 9,187
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Don and Peter do not give individual investment advice. If you're not already familiar with Don Worden's RSMA Exit Strategy, check out the video below. There is also a link to download a full copy of the RSMA monograph by Don Worden.
Setting up RSMA Exit Strategy indicators
Excerpt from Don Worden's RSMA monograph:
"A theme and a purpose run through all of our educational material. Quite simply, it is this. We don't provide touts (although we, of course, provide hints, pointing out stocks that may be nearing buy points). Mainly, we teach Users how to use TeleChart, sometimes in conjunction with other tools, to find winners for themselves. We don't give you fish to eat. We teach you how to fish, and that is something nobody can ever take away from you. We call it our "thinking for yourself" program.
Before you can implement all these tools and logical approaches, you must form the habit of thinking for yourself. This happens in four stages. First, you must ACCEPT the fact that investment and trading success is the direct result of thinking for yourself and that there is no way around it. Second, you must learn to reject your dependency on the opinions of others. This is how you LEARN to think for yourself. Third, you must go beyond just understanding the importance of thinking for yourself. You must DO it. Knowing what you should do is one thing. You must overcome lifelong dependencies on others for your thinking and actually DO it. Last, after you start thinking for yourself, you must PRACTICE it every day of your life. PRACTICE never makes perfect. Nothing makes perfect, but PRACTICE is the only way to maintain your winning attitudes and to expand your abilities and your confidence. TeleChart's Daily Worden Report and the Daily Worden Notes are devoted to providing the practice you must have."
Download the complete RSMA Exit Strategy monograph
Adobe Acrobat Reader is required to view this document.
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Registered User
Joined: 12/8/2004
Posts: 1,301
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I wouldn't worry about it unless the stock drops below 4.47.
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