Posted by: xbigshot1
In reply to: xbigshot1 who wrote msg# 1250125
Date: 5/10/2008 12:19:17 PM
Post #
UNCLE MIKEY talk for ROOKIES...PART 2:
some of you guys are COMPLETELY clueless on smallcap stocks.....i dont give a rip who is saying what about what stock.......you simply CANNOT play a pink/otcbb stock like you do a naz or nyse stock......two completely different animals....the only similarity is that they both have SYMBOLS, and thats where the similarities stop....last year i found myself upside down in a ton of stocks last summer....found myself playing some ole bad tapes in my head, and was light on buying power, and didnt really have the money to play some of the runners......big mistake.....and yeah i probably have a lil larger port than some, but if you think it doesnt happen to seasoned traders, GUESS AGAIN........and if it happens to veterans, i KNOW its happening to rookies.......i have been there........so try this, regardless of what you may read about some possible high flyer: TAKE THE QUICK PROFIT and GET OUT!.......just try it and see if this helps.......it helped me and i know it will help you................too many guys are getting stuck and are simply BUYING TOO HIGH........old rule of thumb......"buy when others are selling and selling when others are buying"....another version: " buy the silence, sell the noise"..........there are just too damn many folks out there who are buying the sells at or near the top........you simply cannot do this!!!!!!!PERIOD!!!!!!!
again, everyone have a great day
mikey
AI
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