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Re: just_an_ant post# 125554

Thursday, 04/08/2010 12:24:37 AM

Thursday, April 08, 2010 12:24:37 AM

Post# of 241037
Great post ant and ohhh so true...

There is a reason many don't beat the market. It's time consuming and hard work. Fishing isn't easy. There are better days or lures depending on conditions, but it still involves a great deal of time, patience and understanding of various things (conditions, environment, surroundings, targets, season, depth, etc.).

I lose on 50% of my penny trades, but im able to do this for a living.... I do better with my big board trades, but the percentage gains are much less.

IMO the key to penny stock survival is cutting losses short... Selling for a lose is the hardest lesson, but the only way you can stay in the game... More people lose from holding on to a dog and tying their risk capital up, than anything else.

Then when you find a play like WNBD, you have to know when to hold on and let it grow... WNBD is NOT a sure thing, but the ODDS are favorable and theres a wealth of information to gain by studying this single example.

One stock like WNBD can make back years worth of loses if played correctly... Or change a life entirely

My posting contains many opinions. So please do your own research and validation.

Go Giants!