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Re: op9171787 post# 98

Wednesday, 08/18/2010 11:20:55 PM

Wednesday, August 18, 2010 11:20:55 PM

Post# of 548
I can tell that you are in a tough place, many a time I have been there, kind of like a deer in the headlights. Currently I am down on my QSGIQ position, and from L2 it looks like we are going lower. I am debating about exiting and trying to buy lower, but in penny land stocks can sometimes run with little warning, and nothing sucks more than selling for a loss only to see your stock take off the next day, or even minutes after you sold. Sadly though I don't see FEEL going higher than .02 in the short term, that is my honest opinion.

Learning to not put all of ones eggs in one basket is good. The honest truth is that most stocks in this price range are in this price range for a reason. Let's just say you get what you pay for. There are plenty of "good" companies in this price range to spread your money seeds around in hopes of sprouting a money tree!

That being said, half of my bankroll is in GFME. Do as I say, not as I do haha. But sometimes you have to listen to your gut. It's usually right, if your head knows how to read the charts, L2, etc. Learning to trade successfully depends on your ability to separate what you think is going to happen from what you want to happen, and then executing trades based off what you see actually happening. Having realistic expectations helps, as does taking your initial investment out and letting the profits ride to elimate potential loses. If you have the mindset of "I just don't want to lose money" you will make money because you will trade smarter, but if your mindset is "I want to make as much money as possible" you will lose because you will become greedy, that has been my case at least. Even a small profit is a profit and making money is the name of the game. If you make just one trade a week for $100 profit that's $5200 extra bucks in your pocket a year. I'm not saying I am a great trader, yet, but I think I have figured out the rules to this game and look forward to honing my skills in the years to come.

Best of luck OP.

Please visit my board! Burn the Paper Mills


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