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Saturday, April 29, 2006 10:06:42 AM
Words I have learned that apply to PennyLand are:
VOLATILE - MANIPULATED - MARKET MAKERS - NAKED SHORT - DILUTION - REVERSE SPLIT - PUMP N DUMP - SHELL.
I know less than nothing about trading Penny stocks. I have learned to TAKE PROFIT WHEN I CAN and buy back in on the dips. Being LONG in any Pennystock is scary and takes great fortitude and patience, unless you start to take profit on the run ups. I did on the last run when it went to plus .02
Bought back in at considerably less.
I am slowly learning how to play the game. I was up $18,000 starting with $6,000. I fell way down to $3,000 and am now just about even again.
The very worse thing to bear is the great variety of opinions and the bashers. You really have to do your own DD and have faith in your choices.
Personally, I would pay off whatever debt I have and start from scratch with the left over. The anxiety of having to pay a Credit Card bill is not good to add to the pressure of trading.
You are right to seek help. This is a good place to ask.
It's what you learn after you know it all that counts
Most of the shadows in life are caused by standing in our own light.
Don't be afraid of shadows, it means light is near by.
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