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Ken, I don't have pm. I tend to believe that taken a quick loss is something every long time trader should know about and teach to new guys. I only had to make that mistake once or twice to figure it out.
Guys when you enter a position and you don't feel very comfortable at the price, I would say get out immediately. Chances are the stock will retrace back to a position you will feel comfortable at.
A wise man once told me before you enter into any stock and at a price point, always ask yourself, why am I making this trade and at this price, if you're in doubt and can't answer the question, then don't get in until your reasons are clear.
Cutting your loss quick saves you from taking a big loss. I've leant this lesson the hard way and every now and then I make the same mistake but I've never been wrong cutting my loss quicker.
Bottom line, if you don't feel comfortable at the current price point the stock is trading at and your at a loss or a small gain, then what are you still in there for?
I got 3 emails from 3 different APS affiliates Select Penny, Preferred Penny and Heroes Penny stocks promoting SWTR so I figured a lot of people would jump in on CTDT based on speculation alone. Sold 30k out of my 55k shares intraday for almost 50% profit and ridng out the rest till a possible APS confirmation.
I got in at .105 and I had a long delay too before order was filled. I think maybe cos of the new name change most brokers didn't have the new ticker info and were adjusting their systems as the orders came through. I'm not 100% sure but a lot of people trying to buy at 105 were having the same issue.
You get my drift. I know it's Victory email but everyone was expecting APS play today. It sure played like APS to me anyway, and the 100% gain on top. I play the anticipation pre promo and that's all that matters to me. APS or not, buy low and sell high.
Funny story how I traded this stock today.
It was called a bit early in our chat room (PPS) by Tom. So at 7.28 am, I prepared an order for 10k shares at .165 while I waited for the email confirmation. Somehow, I mistakenly sent the order without knowing. I waited for confirmation email and then realized that I already had 5k shares filled at .165 cents. With no confirmation email yet, I quickly hit the sell button around 7.31 am and sold all 5k shares at .31 cents.
As soon as i sold it , I get email confirmation at 7.32 am. I chased till mid the .40s and couldn't get a fill, so I stopped. Then I focused on APS email and got in CTDT @ .105.
Basically, I was extremely lucky to get in at .165.
www.awesomepennystocks.com down at the moment.
You call going red -17% doing good. It's gonna open .007 tomorrow and go down further. I just don't know how low until next week friday when you said it will run... jmho.
Maybe it'll go up next friday, but at the moment it is what it is and you gotta admit it.
You guys think .012 is cheap? watch Nite and AUTO run this to sub penny. Total garbage here.
Yea, they could have made more by giving it to a D list promoter to pump for them. I don't think I'll play it till someone promotes it.
I believe the company is doing the selling too. Right from after the R/S when it went up to .14 there hasn't been any support and this stock has been falling hard whenever there's a PR.
Were you trying to sell or buy?
Like I said I am not bashing Gary, just stating the fact cos a lot of people here hang on his every word and it's ok to point out that there is not reason why one can't get out of a loosing trade quicker. It's not about if I'm right and he's wrong here. This is coming from someone who also lost some money here trying to catch a dip at .37 and .26. I cut my loss quicker on both occasions and for me, that's better than holding till .14 today. I'm not gonna go back and forth on this issue.
Gary I like your advise on these boards and I know you mean well with your advise every now and then. But, honestly reading your posts and all other bag holders here, you are sounding just like the same bag holders who failed to sell their SNPK a day after you sold and advised them to sell. There is always that initial denial, but you gotta face it, this dump started from the first person that bought the share on day one. Like Ken said earlier, it's always better to take your punch in a chin and move on. If one gets emotional with these stocks, the loss tends to get bigger and spiral out of control.
There's always gonna more plays out there. now you could be right and these people come back out and run it back up, but the chances of them not doing it far outweighs the chance of them taking it back up. A lot of people tanked hard with RARS with this same "wait it out mentality" when they could have sold a day before at a better loss price. I'm not throwing any jab at you in any way. JMHO
Disregard. Wrong post.
TBX Twitter message...
The Bull Exchange ?@BullExchange
AGRT - panic selling and shorts making this a tough go today, we still believe news is coming. @ these levels could be very rewarding.
It seems they're not even sure about this one. Read between the lines.
Why do you think it did that?
Didn't see that. That must have been right after the R/S
I like how this is setting up. The removal of that D on tuesday is key. They are intentionally holding it down for now cos I've seen is move on L2 from .09 to .14 with no big volume.
Something could be up but i don't know what it is. Nite and Auto are selling and buying back shares. Almost seems like they intentionally don't want it to move past .06 range.
When a float locks down or is finished, what happens next?
Not sure about that float cos if it's correct, that means, I'm holding about 10% of that alone. I know they added 9 million shares recently. But the float is still low anyway you look at it. I watched it on L2 all day today and the MMs seems to have be secretly buying up shares on the low. I wish I hadn't sold some .07 (7k) shares at .093 today. Still holding a lot more. The question is how good are WallStreetMillionaires when it come to stock pumping. Do you guys know anything about any of their previous promos and is it going to be a one day pump.?
Guys be careful today. If GWBU drops hard today, APS will likely use Facebook IPOD as a good reason. Watch your L2 close today. As for me I'm out and waiting for a big dip.
Do you guys know what were the target prices for LEXG and RAYS when they were pumped? Do promoters normally hit these target prices or are they just a way to get people holding all the way up?
When i sent the first note here SEFE was around 1.80. Now it's 1.97. I mean I understand how you feel, but I honestly think, it's better to forget a loosing trade and jump in a winning one while you can. Pls don't take my advise cos I'm saying it... Just letting you know how I played my RSRS.
When i sent the first note here SEFE was around 1.80. Now it's 1.97. I mean I understand how you feel, but I honestly think, it's better to forget a loosing trade and jump in a winning one while you can. Pls don't take my advise cos I'm saying it... Just letting you know how I played my RSRS.
WDCO ain't playing around today.
70k bought at 1.90
WDCO 100K bid
I was averaging 1.22 when I pulled at .90. Made it up with SEFE. I think people still have a better chance to recoup on the SEFE monday gap if it closes strong today. JMHO
From SMA
SEFE is trading exactly as we expected today, and the trend is extremely favorable to longs. As a result, shorts are trying to portray a different picture and entice you to sell your position before the weekend. The shorts could not be more mistaken.
We expect a very bullish move in SEFE for next week. It's very possible we will see new All Time Highs very shortly. Look for an in-depth analysis this weekend. In the meantime, hold onto your shares tightly.
Stock Market Authority wishes to remind members that we have only just initiated coverage on SEFE and strongly feel that the best is yet to come!
For more information about SEFE and their innovative technology, click here.
Call your broker or log into your online trading account and take advantage of a life-changing opportunity — today! And as a favor, please forward this to anyone who might be interested in seeing massive returns on their investment.
Sincerely,
Elliott Dobbs
Publisher
Stock Market Authority
www.stockmauthority.com
I took one on the chin on RSRS and pulled out. Then recouped it from SEFE. There's no point waiting on this "paint to dry".
It's gonna be interesting once it breaks 1.90
You're right... It's just gotta close green and strong tomorrow for people to still wanna touch it next week.
You could be right in terms of them having absolute control cos the minute they sent their email about SEFE breaking out from 1.50, it actually started moving that very second. But the fact that they sent out three email during trading hours made me think they were worried of it getting outta hand.
Are you saying that if it's running same time as APS new play, it's a good thing? Wouldn't new investors rather go with APS new pick since it'll be less risky.