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Re: HockeyFan post# 4540

Sunday, 03/11/2012 5:48:39 PM

Sunday, March 11, 2012 5:48:39 PM

Post# of 38475
The big difference I see now between SNPK,and the other more recent ones is that when L3Xg was running, there weren't as many (not saying there weren't a lot) "seasoned" pump players in it. It ran and ran primarily because of the size of the promo budget and the promoters involved, but also because everyone didn't have their finger hovering above the sell button all day every day, euphoria and the sense that it would just keep running and running was prevalent

Now, with so many "Self titled P&D Pro's" I don't think you'll ever see a run like that again, as soon as the first time when 10 or 20 large holders all start exiting at the same time, everyone will think it's the end, and run for the exits causing a snowball effect- too many people trying to call the top, call the runs, call the bounce's, I mean really- are you here to trade and make money; or are you here to be right? or get subscribers for a newsletter none of you circulate, ('cept you HotStockAce wink). I think with all the promoters on this one, and the size of the budget, there's a good chance we will see some real gains here- but only if folks trade smart. Too bad trading isn't a team sport-

I will say this though, if you sell little bits on the way up, locking in profit all the way, instead of letting the whole thing ride for 2-3 weeks, you're a lot less likely to get spooked over a drop. you won't have so much to lose if you're locking in gains every couple days. Once you've locked away some profit, there's little to fear about the inevitable drop at the end, and won't be so damn jumpy to click the "Market Order Emergency Exit" panic button.

lol It's a lot more fun to be risking, and trading with their money and not your own- be smart don't try to make millions on one trade, preserve your capital so that you may live to trade another day, and join us all on the next one- with good feelings instead of bitterness and regret because you never took anything off the table and it was gone before you knew it.

I'll give you a little sign to tell you that you should know it's time to take some out of the game. When you start picking up a calculator multiple times a day, and multiplying out wild fantasy share prices by the number of shares you hold- you're losing your grip on reality, and you best take some of your profits. That kind of thinking blocks rational decision making and will have you losing money on these things every time. Good Luck, there aint a reason in the world to not come out of these green, 100% of the time.

KP


Experience is the best teacher, but it is the most expensive.
My Dad used to tell me.

Illegetimi non carborundum