Replies to post #197536 on NanoTech Entertainment Inc (NTEK)

[Skitradr]

That's funny......I do not hold onto losing positions....when I do enter a new position I set a pretty tight stop loss....and also set target price that I will exit on.... Capital preservation is the key....without any capital it pretty much knocks you out of the game...with proper money management techniques, one can have like 10 trades going and only have to win like 2 of them to be cash positive.....that's something that really seems to amaze me here.....how can someone invest like say $30,000 and not even have a stop loss in place?.....I will be spending most of my time trading options....for those of you that love the thrill of penny stocks, I highly recommend learning the option side of trading....anyways wish you the best in however you decide to trade.....GL