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Re: ROOKIE602 post# 32668

Sunday, 08/05/2012 7:15:17 PM

Sunday, August 05, 2012 7:15:17 PM

Post# of 47295
When trading pennyland you need to stop believing in the stories told. Step out of the retail herd and wait and watch for retail to react to the company story presented. Then use TA & charting to trade their reaction in the stock price action. Have a entry price and exit price planned before playing and trade the plan. Belief in story speculation; That's gambling not trading. And causes one to hold way longer then one should. To succeed trading the OTC you need to learn to take profits and be happy with what you get. Then move on to the next one.

STEP OUT OF THE HERD, become and individual. The herding instinct is what the darkside uses to fleece you and flim flam becomes the tool used. 99% of PRs are designed to get you to believe and join the herd.

Welcome to my mind!

Success to all
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