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Re: spyderrr post# 7311

Thursday, 04/01/2010 3:08:47 PM

Thursday, April 01, 2010 3:08:47 PM

Post# of 48320
Yea I had lost about $16000 when I sold out of this when it dropped back in december. I had bought in at .67 during that pump and dump that took place. Im playing with the idea of throwing $500 in this again at these levels and just moving on and letting what will happen happen. The loss will only be $500 but the gains could be quite large in comparison.
Over the last few lessons (That I paid too much to forget) I realized I needed to be able to 100% write off the money if it ened up being a loss. Instead of banking my credit card debt on a company going nuts.
I pretty much just throw $500 into any company that catches my eye once per paycheck (I get paid on the 1st and 16th) and hope for the best but write it off in the meantime.