Followers | 765 |
Posts | 87905 |
Boards Moderated | 2 |
Alias Born | 03/13/2004 |
Tuesday, April 22, 2014 9:34:07 PM
The Company is not responsible for misguided perceptions of Grandiose Price Per Share expectations. Stocks Go Up and Stocks go Down.
If you mistakenly bought to high and did not minimize your losses then it is just a fact of bad trading.
Penny Stocks are not Long Term Holds regardless what you may be told or May believe. In order to make money in the stock market you must buy and sell, it is as simple as that.
You cut losses at 10-15% and re enter when the stock turns back up if you believe enough in the Company. You must always consider taking profit when the opportunity presents itself because stocks will go down, none rise forever.
I once had 10000 shares at .34, not a huge investment but when it hit the 3.00 area the profit was enough that I sold most and divested myself of the rest of mine at 7.24. Yes I left a lot of money on the table from its high of 9.20 but I have done well trading the bounces over the past 1 1/2 months only loosing on 1 trade. The key word is TRADE
Do not Marry these stocks and I am sorry for anyone whom may have lost Money, Lord knows I have in the Past 14 Years lost on many trades, but if you enter the Penny Market as a business you trade the play and when you are done playing it you move on to the next one.
IMO FSPM still has plenty of trades left in it and until i see the share structure get what I deem to large to manage I will continue to play here :)
Good luck to everyone and I hope your future trades are profitable, but realize this - This Is The Penny Stock Market, The Risk Is Great But So Are The Rewards, so play smart , learn by mistakes, take profit and minimize losses to live to play another day.
Being Long And Strong is not what it is put up to be, Stocks are meant to be traded :)
Why Settle For 20-30 % Gains Hot Stocks & Low Float Plays Brings 100 % Gainers For You
http://investorshub.advfn.com/boards/board.aspx?board_id=17970
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