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Re: PENNIEStoSTACKS post# 5392

Tuesday, 09/22/2015 8:50:42 PM

Tuesday, September 22, 2015 8:50:42 PM

Post# of 9271
I used to pay a lot of money to be in Superman's chat room. He has a lot of good picks and a good community, yada yada. He is also kind of a narcissist who definitely gets the backing of his followers to blindly drive the value of his stocks up temporarily. You'd see it time and time again without his coercion. People don't learn for themselves. The most valuable thing I learned is discipline.

The first thing I learned was "don't lose money." I don't care if you only have three day trades in five days. Do not put yourself in a situation where you are losing more than you can afford. Be smart about how you do this. This is the stock market and you are here for money, not pride.Virtually all of these stocks in the OTC will end up at $0.0001.

Which leads me to number two; "don't fall in love with a stock." There are hundreds of these diluted OTC manipulated plays every single day and every bag holder trying to get his 20%+ back is going to tell you that it's a low float or that the float is locked or there is news or a merger. It happens ALL THE TIME.

Be smart and keep scanning.

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