Replies to post #3 on Simple's Green Room

[xanadu]

Again, best of luck. Hope you are able to attract some talented traders who are overwhelmed by the numbers of posts on some of the big iHub boards and come here to do things in more a "simple", no pun intended, way. I have a list of about 30 posters on my favorites list, nearly all of whom do not know me at all, but they have impressed me as savy traders. Looking how they are spread out I find most are mods on 2-3-4 or more boards. Hard to see how a board can florish with good news and players with a good grasp on the markets but also stay small and attractive to posters.

[Dspetry]

One of the hardest things i've learned (and still fight hard to get over) is the greed factor..

When you buy a stock, I think you should have an exit strategy in place... % gain, target price, etc...

Once it gets there...THE GREED FACTOR kicks in, and alot of people (Including myself more often than i'd like to admit to) get greedy, and convince themselves that its going higher. Thus usually selling with less of a profit than the "Original plan" would have gathered them.

This is the 1st step in succesfull trading, IMHO.

Start with a plan & stick with it...

That would be my NEWBIE advise based on experience.

Good luck with the board,
Dave