Replies to post #14694 on Heartland Oil and Gas (fka HTOG)

[spottrader]

if that were true about XOM the price would be going nuts based on some kind of FV.

[TheLuke]

I think HTOGE could still post some great profits even with the current prices. They probably have some contract sale prices locked in anyways.

BTW, TY to everyone on this board. I have done quite a bit of research about trading before I bought this stock. However, I have learned a lot of what is working from the HTOG message board. I have lost money on HTOG but the stuff I have learned will make it back in the long run.

Just to recap, two very simple principles but as a beginner trader didn't even cross my mind.

1. When you make profit, take profit. I always thought I had to buy or sell all my shares. I mean I know I didn't but if it was a good time to sell, why would you only sell some?

Well, I road HTOG from .007 to .02 I should have sold some (maybe half) at that point (turns out I should have sold all). I didn't know where the top was though, and I didn't want to sell early. That's the joy of selling some when you do well. If it goes up more, you still have a hand in the pot. If it goes down, you will keep your gains.

2. Buy more if you are losing on a stock (Average down). If it is really bad get what money you can out of it and run. But if it still has hope then leave it there since it isn't worth much anyways. If you are optimistic that it will turn around then BUY. Last week, my average on HTOG was .015 I have since then bought more stock at .002 and lowered my average share price to .0077

I am not willing to put more money in HTOGE at this point but essentially I could buy enough stock to lower my average down to .002 and then sell it if it goes up to .0025 and make 25% on my investment.

Which leads to the last point.

3. Don't use all your available traiding money at once. You should keep a reserve so that you can average down if you need to.

I am not a guru at all, there may be much better trading advice. These simple concepts have helped me get and keep my gains and is helping me recover from a loss. I really did get it all right here on Ihub's HTOG message board.

Happy Trading and Happy Holidays!