I certainly lost my fair share on playing pink/otc scams. As a noob, I just didn't know. You look at .001 and go "Wow! That's a steal. As soon as this thing it's a penny, I'll make 1000% When it hits a dollar, I'll be rich!" Not so much.
Chart and Ken, you guys are the best. If I've learned anything it's this: compound, compound, compound. Even with a little money to start with, that's truly the road to riches. It's a long road, but a safe one!