be sure to set a stop-loss. There are a lot of great cappers here at the Rx. But even the best of them go through some wicked bad streaks. That's totally normal. Unfortunately, people start to follow cappers after they've been hot for a while, which is probably the worst time to start following someone.
Cults tend to develop around certain cappers. But you've got to think of them as stocks, not "people." (No disrespect intended to anyone, I'm just talking about making money here). If you follow anyone or anything blindly, no matter how great it's worked in the past, you can go down, down, down--until you're ruined. It WILL happen, eventually.
Pick a solid capper. Set a stop-loss. Play. If that capper is successful set a higher stop-loss. If that capper loses and hits your stop-loss, STOP. Set a re-entry point. The point is to ride hot streaks.
And there are some great hot streaks. Micelli (or he who shall not be named) has had one of the most--no, the most amazing--hot steak that I've ever ridden. He's been losing lately (no surprise after all that success), but he still hasn't quite reached my stop-loss. When and if he reaches it, I'l stop betting him, set a re-entry point--and WAIT. I'll still have made an ass-kicking profit regardless.
Then there's Kapusta--a solid capper, a gentlemen, and one of the most prominent cappers on the RX. He was strong for a good long while--then tapered off for the last few weeks. If you had been tracking him, you might have set a stop-loss that he would have hit--and hopefully avoided the disasterous last couple of days (again, nothing personal, disasters are simply an unavoidable part of the game). When he starts up again, I'll personally wait till he hits my re-entry point before I start betting him. Hopefully he'll go on nice hot streak.
As for Ace-Ace, it cracks me up when people say he's going cold. He's lost a little, but after all his success, he's not really close to hitting my stop-loss. I'll still make a real nice solid profit off him even if he does hit it.
All I'm trying to say is that, if you're going to follow cappers, try to be intelligent about it. And be a bonus whore--that's good too. Follow both of these rules and you should make a little money at the very least.
:toast:
Cults tend to develop around certain cappers. But you've got to think of them as stocks, not "people." (No disrespect intended to anyone, I'm just talking about making money here). If you follow anyone or anything blindly, no matter how great it's worked in the past, you can go down, down, down--until you're ruined. It WILL happen, eventually.
Pick a solid capper. Set a stop-loss. Play. If that capper is successful set a higher stop-loss. If that capper loses and hits your stop-loss, STOP. Set a re-entry point. The point is to ride hot streaks.
And there are some great hot streaks. Micelli (or he who shall not be named) has had one of the most--no, the most amazing--hot steak that I've ever ridden. He's been losing lately (no surprise after all that success), but he still hasn't quite reached my stop-loss. When and if he reaches it, I'l stop betting him, set a re-entry point--and WAIT. I'll still have made an ass-kicking profit regardless.
Then there's Kapusta--a solid capper, a gentlemen, and one of the most prominent cappers on the RX. He was strong for a good long while--then tapered off for the last few weeks. If you had been tracking him, you might have set a stop-loss that he would have hit--and hopefully avoided the disasterous last couple of days (again, nothing personal, disasters are simply an unavoidable part of the game). When he starts up again, I'll personally wait till he hits my re-entry point before I start betting him. Hopefully he'll go on nice hot streak.
As for Ace-Ace, it cracks me up when people say he's going cold. He's lost a little, but after all his success, he's not really close to hitting my stop-loss. I'll still make a real nice solid profit off him even if he does hit it.
All I'm trying to say is that, if you're going to follow cappers, try to be intelligent about it. And be a bonus whore--that's good too. Follow both of these rules and you should make a little money at the very least.
:toast: