InvestorsHub Logo
Followers 13
Posts 1155
Boards Moderated 2
Alias Born 04/08/2009

Re: timetoinvest post# 10296

Thursday, 07/30/2009 2:19:55 PM

Thursday, July 30, 2009 2:19:55 PM

Post# of 76214
Well like I said I was just patient with most of my trades. Didnt trade too much and had specific entry and exit strategies.

Don't buy in a hurry and don't sell in a hurry. I played everything too.

Don't let anyone tell you pennies are crap cause thats where I made most of my money.

I watch the boards to see whats "HOT" and then wait for it to peak and then bottom. Most of the time the "picks" have run alot and are very rarley called on a bottom! Do not just jump in because a stock is already up %50....thats crazy alot of times.

Learn technicals because that has alot of control over the share price. Also be diversified.....I lost my a$$ the first few months because I would pick one or two stocks and would get impatient and sell at a loss.....would have made a killing if I was just patient and kept to the plan.....I will give you one example.....CTIC.......I bought several million shares at .05 because of the pending FDA decision that was supposed to be in April. I knew it would run pre decision...well because most run several weeks before. My exit was going to be %50 @ .80, I heard rumors of BK and no FDA approval so I bailed thinking it would tank and loose all my money...this is called panic selling...very bad and you will most likly never make money doing this on a regular basis. So last I checked CTIC was floating around 1.20- 1.50 maybe less or more now.....FIGURES.

Now an example of a really good trade.... I bought AMNE when it was flat lining around .002....lots of shares! I held on with an exit of .015.....well it shot to .02 in several days.....you do the math!

Don't let the boards control your trades....learn technicals and be patient! Thats it nothing more to my strategy.

Trust me I am not selling one share of GDHI until it reaches atleast .02 and even then I am only selling 30%.....I will keep most till I see atleast .10.....which is very attainable with the potential of this company.

Good luck!

"I'm just a kid with adult responsibilities"