MATRIX Penny Stocks

[danodog]

Sorry to bump in...but I can share my similiar expereince. I have about $4700 in my account and I have had a strategy of buying one stock in cycles. After losing about $900 I decided to sit on the sidelines and read many books that I purchased at Borders. I searched and searched for a gem and found FARO. I went all in with the $1100 that I had left. Every 5-14 days I would buy and sell the same stock. I was getting any where from $150 to $500 per trade. I followed FARO from $8 to $29. I really started to get excited because I started with 100 shares and ended up with 180 by trading these cycles. While FARO still has good potential, it seems to be in a dead money cycle right now. I guess you can say that I became impatient.

I have now mentally split my portfolio in half so I can buy a stock such as FLCR and sell with out worrying about settlement dates. Instead of becoming a trend trader I can make one good day trade....hehehe and still have enough free cash to cover the trade. (Except that I still have a settlement date window of two to three days before I can spring again on an another day trade.) I hope to accumulate enough capital that I can make several trades a day in without the worry of settlement dates. I promised the wife that I would never open a margin account, she knew someone who lost the WHOLE farm and is very paranoid about me trading in this manner. So far she has been good and has not asked me to cash in for saefty reasons.....hehehe

I have been a good little squirrel and have been putting money into retirement for the last 13 years. I have a good diversified nest egg. This account is more of a challenge to learn and overcome...

Sincerely,

Dan Barnett