Replies to post #43480 on lowtrade

[pasqualee]

yes you are right low trade.. maybe i should not have said that... you know me i get too excited and maybe its because i don't see enough winning trades ..
so then when I'm in at .0004 i get too emotional

all i know is i will not make the same mistake i have made tooooo many times in the past..

NOT TAKE PROFITS

i do think that with a .0015 break then a .0020 break this could really continue north but of course it will retrace...

my question to you is how am i supposed to know if the candle for that day will be a high exhaustion peak and then close red? because during the day it will be up and then close red so i don't know
its just hard for me to know "when" to take profits.. all i know is id LOVE to hold all 8 million plus shares (already sold 2 mil) and let it ride to maybe .01 but i can't think that way.. i will sell if not everything maybe 7 mil and just hold 1 mil free shares and let it free roll and not worry
but then again
even that method could be stupid... i should do is listen to what you preach... sell it all take profits when present... then say it topped out at .0019 ok so it will retrace then on break of top resistance at .0019 if so choose i could re enter then for "continuation" that may be the better option instead of holding .. i think i just want to hold my .0004 shares because it is the cheapest I've ever bought and i don't want to let go... my emotions screw up a lot of my trades i won't let it happen on this one..

thank you for your input i appreciate it
it opened my eyes to reality and lets me not make the same mistakes I've made too many times in the past...then its too late to sell bc as fast as it goes up it comes down... i still think we break .0015 today maybe even in the first 30 minutes .... imo time will tell

i am still adjusting and trying to learn my trading style to be successful
i also Learned that one of your pointers you are always preaching is

to PRESERVE CAPITAL

and a lot of times i will hold and hold and hold..you posted a great post on this last night i believe about being down 50% and still selling 50% saving that cash to buy when it drops further i never thought of that and that makes more sense then holding it all

for example ELR A that POS i was in at .0080 i think originally...i bought more at .0040 i think and then got pissed off and didn't have PATIENCE and sold for huge losses like and idiot only to have it run like crazy as soon as i sold maybe one-two weeks after i sold

all i can do is learn from my mistakes and try to keep trading better and actually listening to your advice which is proven to work
not that i did but very nice call on RITE AID to short been down ever since you pointed it out hope you saved a lot of people money or made them money with RAD i would have never thought it would come back down this low

$MHYS

[trader guy]

MYSH like you I don't know how many more shares remain to be sold. I do know that this appeared in their last 10Q:

Note 7 - SUBSEQUENT EVENTS

Subsequent to May 31, 2014, the Company continued to convert its outstanding debt into common shares of the Company through the issuance of approximately 2.5 million shares of common stock.

At the time this was posted the number would have exceeded their A/S. So I don't know if that was at least the A/S at that time or was a hint that it would be at least that in the near future.

I also don't know what price the seller of those shares, if issued, would settle for them.