Replies to post #54224 on MATRIX Penny Stocks

[JustDoIt]

Lance... if you don't mind an opinion from another newbie BOT trader in training.... I'm kind of in the same boat. The only thing I feel I'm missing now is the experience. That is the one thing that can't be taught.

I've been trading here for a couple of months, went down 20-30 percent the first month, and gained it back the second month, and lately been staying even. So slowly but sure making improvment.

Study the anotated charts and study the rules over and over. Watch the trades made here and look at the charts for each winner traded and apply the rules to that trade. For me, its figuring out entry and exit points, and thats were the experience makes the difference.

There seems to be a few natural traders here, but what most of the ones here making the consistent bank have, is experience IMO.

[miltonfreedmon]

Lance...I agree 100% with Justdoit as I have been trading for 4 months...I started out with $3000 and lost it all in about 2 months which is alot for a married kid (23) in college living off of student loans. =) The price I paid to learn I guess. I thought that trading wasnt for me so I gave up for two weeks then threw in $500 because I realized that I was hooked on the market and that I loved TA and besides the guys who consistently make money here have been doing this for years and every on has to pay their dues...I thought it was amazing that some of the seasoned guys here could tell what a stock would do just buy looking at the chart so I asked questions...tons of them and read, read, read, and read some more. Trying to learn from those who's trading style I liked. I have learned from all posting on this board and some others here at I-hub and also Mach, Dadog, Uncle Milty over at danceswithbulls...I am still learning everyday but 1 and a half months later I have turned my $500 into $4500 and hope to improve every day. One step at a time...

Good Luck,

Milton

[JUST 10-11-12]

Lance, another person's imput.

One, you need to do this full-time(10-12 hours--includes research and scans)! I work, so it is
difficult to scan, study, analyse....watch for changes each
hour/day.

Two, you need to get a good stockchart system.

Three, you need to keep an eye on OMNI, CHIP, LATINO,
BABYCAKES(she really seems to have a handle on it), RIVET,
PATRINOS(in the background but does good)...and Crumbster
(he lists a lot of stocks).

Four, I sold a number of stocks TOO EARLY and lost out on
about 400-600 percent of my monies this year!

Some of the stocks I think are promising and an upswing:
almi and avtx.

Last of all, this is hard work...and takes experience on when
to "hold them and when to fold them!" I am not there just yet.

Hope this helps!!!

OMNI is the best!!!!!!!!!!!!!!!!!!!!!!!!!


Keith/OIL

[da_cyberdude]

It sounds like your entries and potential sell points need to reevaluated. I would say not be too anxious when a stock that you haven't strategically targeted starts to break out. If you can thow up the chart quickly (and I mean very quickly) and see where the break occurred and where the next resistance would, you could evaluate for a potential gain. There's always another if you missed the early opportunity on that one for a profit.

Always trade with settled funds so that you can exit at any moment.

Remember that any profit is a victory.

When a stock that is interesting goes on watch, make your set up and start evaluating early.

When someone post "such and such" is breaking out without warning, particularly from someone not primarily from BOT... don't let it excite you to a buy. Losses seem to generate carelessness and desperation. Try to stay calm and be disciplined.

Capitalist has posted some great info on strategy... you might to refer to his insights.

Just my 2 cents. Best of luck.

[Omnitrader]

I am having the worst run: dont feel bad theres alot people losing money right now alot people are giving back there january gains.

here is where experience comes into play:

the momo is not as strong this month as last month. the list is few and far in between but there have been a few runners every day.

bico, gmdp just 2 name a few

I would say you your timing is prolly off and your not getting in at the right spots.

you need to back off and stop trading and start analyzing your mistakes. paper trade to you fully understand what the heck your doing.

you heard me make this comment last week its a professional traders market: the pros will continue to make money why? because they use the proper tools 4 trading to be successful and they know how spot buying opportunities such as bounce plays (usga) 2 day bounce over 100% gain 4 the pro's.

ADVR, TDPO, BPNT, MAGR, APBH, and IMTO

the only stock out of the bunch that I like is bpnt the other ones are dead money 4 now.

again always look at your weekly charts they save you alot pain & suffering.

sounds like you are still in sheep mode , when you can get out sheep mode and learn 2 make your own decesions on your own thats when things can begin to change.

again the BOT board gives U that opportunity to become trader and stand up on your 2 feet.

good luck in this thing called the jungle, it can be brutal
thats why this board was created.