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LMAO....yeah....another thing is to watch L2 ......when the trading slows down on a run up.....most of the time it's time to bail. Sometimes they stall and then go more of course....but someone once said a stock is like an airplane......they need fuel (buying)....when the buying dries up, they run out of fuel and start going down.......z
There is something to that- lol- check out:
DROP
ANAS
GRBG
URHN
Never be afraid to take losses.....if it's moving against you...GTF out.....z
I think you need to find your own plays.......following momo is all well and good, but you'll make a LOT more if you find your own stocks to bet on.........z
Yup.....it's the ultimate Casino......et z
Another random thought..... The Ticker is VERY important. I have a pet theory that a sexy ticker is 50% of the battle......lol........z
This is a good one-> Just cause you have dry powder (available cash to invest), doesn't mean you have to buy something.......Wait.......Wait for a 'no brainer'.....it will come through following your gut.....then go in heavy.
More Rules.
I don't think I've ever (or EXTREMELY Rarely) made any money on a Private Message tip.......both here on IHub and on Skype.........z
Just cause you have dry powder (available cash to invest), doesn't mean you have to buy something.......Wait.......Wait for a 'no brainer'.....it will come through following your gut.....then go in heavy.
Minimum investment on a trade has to be $200......anything less and you're wasting your money on commissions, low profit vs risk also.
Might not want to go all in.....but go in heavy.
Also check the liquidity ($ Trading).....you don't wanna throw $5,000 at a stock that's only trading $20K a day....remember that you need enough liquidity to get out.
Rule #2. ALWAYS take some off the table........take profits if you are green......you don't have to sell all of it......sell 1/4, 1/3, 1/2......And keep selling chunks on the way up. You can then keep a portion until it starts going down again/crashes..........z
Rule #1. You ONLY make money when you sell..........et z
In one trade - I've turned $20k into $1k and I've turned $3k into $300k and everywhere in between. Anything is possible in pennyland.
One thing to keep in mind when trading pennies is: anything and everything is possible in pennyland.
Over the years I have came up with a full proof winning penny trading plan:
Three keys to always winning and/or never losing in pinkyland:
1) Get lucky
2) Be on the inside/have inside info
3) Don't play
Trading pennies you can go from riches to rags and/or rags to riches. I like riches to richer the best - Lol
Good idea for a ihub board. Marked.
I know what I want to desire, I know what I deserve and I will achieve it, or die!
Thanks for the post, yes, look forward to getting this started Friday morning, hopefully we can get some reputable people posting in here about what they have surpassed and lead to accomplish, Because everyone feels down at some point with trading or feels like maybe they just cant handle it.. this will prove everyone has been there.
Followed you back
I'm digging this section, great motivational testimonies that helps with new traders.
Just started following you in UAPC
Post if you follow me, I will get you back
Hello,
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