Update per Shajandr request:
Penny land is not treating me bad once I learned the game. Not quite well enough to retire and only trade stocks for a living, but I am hoping to be there by year's end. Couple things I HAVE learned:
1) NEVER trust the story.
2) NEVER marry a stock. Get in, get out even if you have to take a small loss. It is better than taking a big loss.
3) NEVER trust one source for your information. I use 4 different sites and compare the results and make my own decisions based on risk level that day.
4) Trust your gut. If it doesn't feel right, don't believe the sources.
5) NEVER trust your gut the day after Taco Bell. Just saying.
6) NEVER feel bad about taking a profit. Walking away with a small gain is better than holding on for that "to da moon" run everyone is waiting for. If it runs, congratulate those who held out and let it go.
7) NEVER make an exception. If you set limits of when to buy, then stick to it. I have missed a couple runs, but they didn't drop to the level I wanted them to. You can't call every stock every time. Let it go.
In summary, I have learned a lot over the last year in PennyLand. Some have been painful, but overall I AM making a profit off of these scam artists. As I was once told: "They plan the trade, you need to trade the plan." Use their cons to make yourself money and to hell with what the hypers or bashers are saying. They are just there to confuse you. Trust your DD, and if it doesn't feel right, walk away.
Thank you for reading and Happy Trading.
ToG
AI
