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Re: kermit42 post# 382

Wednesday, 05/14/2008 9:16:43 PM

Wednesday, May 14, 2008 9:16:43 PM

Post# of 5085
Tess:

I made the bulk of my money when I started (and to this day)trading the pennies....I invest in the larger markets but I trade the pennies. You cannot confuse the two. The majority of pennies make their moves on news events (real or perceived) and promotional campaigns and like this stock and VDTI you cannot view pullbacks off breakouts in the same way as the traditional markets (I knew this but let my ego get ahead of my rules and like you I got bit as well).

This is just one of the many lessons you will learn take it to heart - you're not alone. Learn all you can, cut you losses and don't get greedy. Don't believe that the stock that you're in is the greatest thing since sliced bread - let it prove it to you as the only good stocks are those that go up when long or down when short....aside from that use the BS to your advantage but never buy into it.

Good luck and if I can be of any help in the future just ask.

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