Replies to post #41728 on $Stock*Shop*Charts*News*Option$

[morcash]

Stock Lobster, thank you for that response. I guess I may be half way there. Learning to read through the BS on some of these stocks was the hardest lesson thus far. I agree that developing a "style" takes some time, while I'm a year into it I'm still working on that.

The issue of pumping and spammers, I was referring to other boards and you hit the nail on the head with the posters dreaming of the "big payday" while the stock pps drops lower day by day. a 20% loss sounds like a solid strategy to avoid bigger problems. PMRX was one such play I ended up in, and the list goes on. Imperia Entertainment IPRE was my first lesson on how the koolaid will drown you. LOL.

As with anything, can't win them all. I think discipline will be the trick to loosing less than half. At this point I'm still learning how to investigate these mystery stocks and assemble the puzzle pieces.

[sublime]

hey SL! very good post....i will add my .02 of course..lol (sure is nice to be home!)

it may seem obvious to some but the hardest thing for me to get thru my thick skull was to take pay checks regularly. these days i am withdrawing a minimum of 50% of all profitable trades. i can't count the times i have made good money on one trade only to donate it to mr market on the next trade....duhhhhhhhhh!

in my art i am working on a series about the martket...fear and greed, etc....... funny thing is that my trading has improved as a result of focusing on it in art.

i didn't get to trade much while i was gone for 3 weeks....i am looking forward to getting back into the game this week :)

weeeeeeeeeeeeeeeeeee,
sub

[skeen]

The only glaring miss I noticed was Mary (Bagheera). Add me to concensus -great post, SL. If I were to add to the strategy lab, I would offer that I wait for the play to come to me. I try to dictate the terms of my plays. I've missed 500%'ers that way, but it keeps me insulated from the red attacks. I always survive to play the next play with all my dry ammo and there is always a next play.
The second strategy I recommend is to make sure you have good members marked. When you see them visiting a new board or discussing a new find, and they began the chatter of what their entry was; ie, "I got .12's and 13's", put it on your watchlist at an entry at least 20% below theirs. In this way it better ensures you will enter on a dip to their actual entry. Again, if it does not dip, there is always the next play, and you won't have to wait long in this market. Bottom line, I like to dictate terms to these stocks, as much as possible, rather then have them dictate the terms to me, that is just my preferred strategy, FWIW.

Green Screens!
Skeen

[scotte]

Good post SL. I have several different people member marked that have different trading styles. That way I'm able to find momo, news, shell, and chart plays faster.

I agree with a 6 month timeline to learn how to be a good trader, and then in my case another 3 months to be confident in myself and put to use what I’ve learned, no matter how good the koolaid is.