Monday, December 07, 2009 12:36:59 AM
I think everyone has a tale on PINKS from when they first started. You learn quickly playing penny stocks. Everything they talk about is usually mistakes we have already made.
The first time you fail to lock in some profit, is usually the last time you fail to lock in some profit. If you're playing with scared money, you don't belong in pinks. 100%, that is what you have to be willing to lose. We all know that.
The pumping from newsletters only last a couple of weeks. When your dealing with P&D newsletter picks you follow the 3G's. Get in, Get your gain and Get out.
But every now and then, there are picks that turn out to be worthwhile. This is one of them. If you got in over .50, .60, .70 don't fret. If you're new too the game, learn to average down. That way when it turns (like what will happen tomorrow) you recover the loss and gain a little profit.
The charts are not screaming turn and run. We have support under us. Even if they were bad, we have a game changing event. I'll be trying to pick up as many shares as I can tomorrow. It may only be a small window, 20-30 minutes at most (if that long). GLTA.
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