When we were young and involved in Little League baseball, the #1 rule was keep your eye on the ball. Sure we dozed of when the pitcher would pull up his pants and dogs would wander on to the infield but as we learned later on in life, when we pay attention (even though things can take a long time or you get distracted easily) good things can come to those that can concentrate (discipline).
Case in point is NVAX which we highlighted many weeks back as a great play on the resurgence of the swine flu or H1N1. We took our profits very quickly as we made a great trade in a short amount of time, but if we came back to it or added to our winning position..we would of continued to do well. This is often called "trading around a position" when you keep the majority of the original position but you buy/sell "around" that to capitalize on short term movements of the same security.
Trade well,
Trader D
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