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Last Post: 7/23/2016 9:27:30 AM - Followers: 341 - Board type: Free - Posts Today: 0


Almost a

                                  


Just pretend you are a farmer with a crop of pigs. Forget the details and trade the stock. It will run again and we will sell again. If you just assume all pinky stocks are scams and you buy them on the cheap and sell any and all runs you can make money. If you believe anything you read, see or hear you will get psychosis and freeze up when it is time to book the profits. There is no truth to what any penny promoter tells you. Calling the company or reading the press releases is a very dangerous past time. The tape tells all and it is telling me to get ready for a run. The tape knows all information available both public and private.

Jagamn Post  9/5/2010

I'm certainly not the sharpest crayon in the box investing-wise, but concerning the long term outlook of Pinkie or sub-buck OTC stocks, I can be negative and right 99.9999% of the time! There are only a few good foreign stocks on the Pink Sheets because they do not want the expense of being listed on USA major stock exchanges....they are regulated and file financial reports in their own countries. Other than those, the rest are totally CRAP good for only short term flipping. 

I often ask the Kool Aid drinkers how many successful Pinkie companies they have held for a couple of years, so far no one has given me a reply. I'm sure there may be one out there, but I haven't found it. Most successful companies become established privately before ever becoming public via IPO's. Google is a good example. 

This board (my opinion) is really about flipping the Dead Cat bounces that happen on all the exchanges.....the Pinkie stocks seem to have the best moves if your timing is right. Many of the guys posting here are experts at doing it...I've only done a few and those mainly on the major exchanges. 

Good luck to you and don't believe the hype out there....the guys that really sound smart about companies on these boards are mainly smart at pumping and dumping their shares. 

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The following are 10 most common but deadly Trading Mistakes, which traders should avoid at all costs. Anyone of them can literally destroy one's financial dreams and goals!

1. Trading for excitement & thrill Not for profits: Many traders consider stock market as casino and trade for thrill and fun only. As soon as one has a losing trade, he wants to quickly make back the lost money. He thinks about the other things he could have done with the money, regret taking the trade and want to recover as quickly as possible. This in turn leads to further mistakes. Be patient and wait for the next high probability opportunity. Don't rush back in.

2. Trading with a high ego: Many individuals who have remained highly successful in other business ventures have failed miserably in trading game. Because they have a fairly big ego and thought they couldn't fail. Their egos become their downfall because they can not except that they would be wrong and refuse to get out of bad trades. Once again, whoever or wherever has any one come from does not concern the markets. All the charm, powers of persuasion, number of degrees & diplomas of business management on the wall or business savvy will not budge the market when you are wrong.

3. Three 4-letter words that will kill you! Hope--Wish--Fear--Pray: If you ever find yourself doing one or more of the above while in a trade then you are in big trouble! Markets has own system of moving up & down. All the hoping, wishing and praying or being fearful in the world is not going to turn a losing trade into a winning one. When you are wrong just use a simple 4-letter word to correct the situation-GET OUT!

4. Trading with money you can't afford to lose: One of the greatest obstacles to successful trading is using money that you really can't afford to lose. Examples of this would be money that is supposed to be used in any other business, money to be paid for college/school fee, trading with borrowed money etc. Ultimately what happens is that when someone knows in the back of their mind that they are risking the money they can not afford to lose, they trade out of fear and emotion versus logic and no emotion. If you are in this situation It is highly recommend that you stop trading until you earn enough to put into an account that you truly can afford to lose without causing major financial setbacks.

5. No Trading Plan: If you consider yourself a trader, ask yourself these questions: Do I have a set of rules that tell me what to buy, when to buy and how much to buy, not just for the next trade, but for the next 10 trades? Before I enter a trade, do I know when I will take profits? Do I know when I will get out if I am wrong? These questions form the first part of a trading strategy. There simply cannot be any expectation of success if we can't answer these questions clearly and concisely.

6. Spending profits before you make them: Nothing is more exciting then getting into a trade that blasts off and puts you into a highly profitable situation. This can cause major problems however, because this type of trade puts you in a highly euphoric state and leads to daydreaming about the huge profits still to come. The real problem occurs as you get caught up in the daydream and expectations. This causes you to not be prepared to get out as the market reverses and wipes off all your profits because you have convinced yourself of the eventual outcome and will deny the reality of the situation. The simple remedy for this is to know where and how you will take profits once you enter the trade.

7. Not Cutting Losses or letting Profits run: One of the most common mistakes made by traders is that they let their losses grow too large. Nobody likes to take a loss, but failing to take a small loss early will often result in being forced to take a large loss later. A great trader is not someone who has never had a loss. Great traders have made many losses. But what makes them great is their ability to recover quickly from a string of losses. Every trader needs to develop a method for getting out of losing trades quickly. Research and learn to apply the best methods for placing protective stoploss orders. The only way to recover from many (small) losing trades is to make sure the winning trades are much larger. After a series of losing trades, it becomes difficult to hold a winning trade because we fear that it will also turn into a loss. Let your profitable trades run. Give them room to move and give them time to move.

8. Not Sticking to your plans & Changing strategies during market hours : If you find yourself changing your strategy during the day while the markets are still open, be mindful of the fact that you are likely to be subject to emotional reactions of fear and greed. With rare exception, the most prudent thing to do is to plan your trading strategy before the market opens and then strictly stick to it during trading hours.

9. Not knowing how to get out of a losing trade: It's amazing that most of the traders don't have any clear escape plan for getting out of a bad trade. Once again they hope, pray wish and rationalize their position. It must be kept in mind that market does not care what you think. It does what it does and when you are wrong you are wrong! The easiest way to keep a bad trade from going really bad is to determine before you get in, where you will get out.

10. Falling in love with a stock (Just Flirt): Many traders get fascinated by just a stock or two and look for opportunities to trade in those stocks only ignoring the other profitable trading opportunities. It is because they have simply fallen in love with a stock to trade with. Such tendencies can be suicidal as for as trading is concerned. It may cost any one dearly.

Cudo's to Stock Lobster as the source for the above posted information http://investorshub.advfn.com/boards/read_msg.asp?message_id=25332160



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The purpose of this board is to discuss MONEY MAKING STOCKS (plus occasional sporting matters) WITHOUT SPAM, PUMPERS OR BASHERS. This board is not about airing out your dirty laundry it is about making money and avoiding bad mistakes.


~~~~~~~~~~~~~~~~~~~~~~~~~~ GENERAL DISCLAIMER: THIS IS A HIGH RISK HIGH REWARD BOARD ~~~~~~~~~~~~~~~~~~~~~~~~~~

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Please perform your own DD and make your trading decisions accordingly. It is recommended that investors take out their initial cost plus some profit as soon as possible to minimize risk to their capital outlay, and ride the rest as they feel comfortable, according to their own research.

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PostSubject
#46404   CLR back on a roll... tolduso 04/26/16 02:51:30 PM
#46403   Pink sheet stocks are like politicians. tolduso 03/29/16 11:03:14 PM
#46402   Maybe you should buy some "Ooops, another Mexican tolduso 02/29/16 02:07:48 PM
#46396   Also in ERHE for the recovery after the Manti 06/01/15 08:10:05 AM
#46391   Maybe you could call Putin for an insider trade. tolduso 05/14/15 09:50:00 AM
#46390   Just reloaded ERHE at .002. Oh the memories.... Manti 03/17/15 10:08:18 AM
#46388   I own URG and URZ. Realperson 03/14/15 10:11:49 AM
#46387   Time to play the uranium/nuclear sector. Manti 03/13/15 10:05:47 AM
#46380   CLR up nicely in recent weeks... tolduso 02/03/15 11:48:44 AM
#46379   CLR... tolduso 01/08/15 01:55:02 PM
#46377   I told you so... tolduso 06/12/14 03:16:44 PM
#46376   My best call ever: buy SNTL Manti 04/04/14 03:19:50 PM
#46375   I'm not following it really closely, but the Manti 03/17/14 04:22:46 PM
#46374   I always guess wrong, but the official position Manti 03/17/14 04:06:52 PM
#46373   I bought some on the dip, and another HDYMANIAC 03/17/14 03:54:50 PM
#46372   Its moved quickly. 3 bagger in 30 sessions... HDYMANIAC 03/06/14 05:26:16 PM
#46371   MZEI is going to go this year. Manti 03/06/14 12:51:06 PM
#46370   IDRA may be bottoming here... Manti 02/28/14 03:20:44 PM
#46369   BAYP this might just be a lotto ticket: Reyeton 02/21/14 07:27:43 PM
#46368   LJPC also.... Manti 02/06/14 02:10:06 PM
#46367   I held DAR for a year, sold last Realperson 02/06/14 01:27:16 PM
#46366   If you can stand bio's, take a look Manti 02/06/14 08:58:53 AM
#46364   Dumbass Realperson 02/05/14 06:58:06 PM
#46362   Nice! Realperson 12/16/13 03:23:51 PM
#46361   PFHO, its up 3200 percent since my post teomax 12/16/13 11:54:33 AM
#46358   Buccaneer Energy Limited (ASX:BCC) New Gas Sales Agreements HDYMANIAC 10/21/13 08:45:45 PM
#46357   Just one of those days that feels gooood:-) Manti 10/17/13 01:18:22 PM
#46356   Added more BCGYF today. HDYMANIAC 10/15/13 06:56:47 PM
#46355   I added more BCGYF today. Will add again HDYMANIAC 10/14/13 05:20:11 PM
#46354   I have been trading URG and URZ. Realperson 10/11/13 03:38:36 AM
#46353   I'm still playing the volatility with HDY and hillzman 10/10/13 08:03:29 PM
#46352   I wish I had posted GSV here a HDYMANIAC 10/10/13 07:25:18 PM
#46351   Actually, I didn't find it until 8.22, but Manti 10/10/13 04:19:28 PM
#46350   I like it, I bet you got in Realperson 10/10/13 12:34:58 PM
#46349   HALO should have something to propel it back Manti 10/09/13 11:17:19 AM
#46348   :-) Realperson 10/09/13 10:07:32 AM
#46347   I miss this place... or what it once HDYMANIAC 10/08/13 08:06:02 PM
#46344   Nibbled a little DVAX: Manti 08/01/13 03:09:30 PM
#46343   Gota love a squeeze! Realperson 07/28/13 09:20:21 PM
#46342   Probably a short squeeze..... Jagman 07/28/13 01:59:00 PM
#46341   USU I see a reverse split followed Realperson 07/26/13 08:05:07 PM
#46340   USU...one of my "old" uranium plays... Jagman 07/26/13 06:44:52 PM
#46339   Thanks I have the board marked. Realperson 07/26/13 03:47:53 PM
#46338   Lots of good dd on the FMCC ihub Manti 07/26/13 03:37:08 PM
#46337   Could be. Whatever they do, they'll probably Manti 07/26/13 03:27:12 PM
#46336   I thought I heard congress had as plan Realperson 07/26/13 03:22:17 PM
#46335   Like chart of FMCC: Manti 07/26/13 02:01:28 PM
#46333   I never liked ERHE. HDY gave plenty of hillzman 07/04/13 11:04:01 PM
#46332   Talk about a blast from the past! Manti 07/04/13 10:50:37 PM
#46331   Nice to see a few posts here lately. hillzman 07/04/13 08:49:33 PM
PostSubject