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a r

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Alias Born 03/02/2011

a r

Re: el jefe post# 1498

Saturday, 03/19/2011 8:25:58 PM

Saturday, March 19, 2011 8:25:58 PM

Post# of 84886
thank you sir! very good advice for anyone new to the penny world.

i agree 100% with your opening statement, those who don't learn from history are doomed to repeat it.

its funny because 1, 2, 3, 5, and 6 i have experienced and noticed in my few months in the penny world. ive witnessed them and been burned by chasing (5) and greed (6).

4, i cant even set stop losses through questrade (i live in ontario, canada) on the OTC stocks. but last week i saw a guy learn a stop loss lesson the hard way. had it at 0.45, it triggered and sold at 0.35 and when he noticed the stock was already back up at 0.45. the MMs got him. good to know in case i eventually switch to a different setup.

also, ive seen a number of ppl capitalize on the promo pattern (similar to an inverted parabola) and then retrace by holding multiple portions. a large portion from a low pps, and then a small portion which they flip near the top of the promo and then buy back in after the retrace.

good luck to you and lets go Savanna East Africa Inc (NVAE); random side note, i was born in South Africa.

just tell the truth. if you hate me, tell me. either way, it's cool.