a r - listen, the more experience the better. remember, with every loss you should gain valuable experience and knowledge. anyone who tells you they don't lose in penny's is full of it.
it's what you learn from losses that makes you smarter and more successful.
1. look for stocks that have been promoted in the past. they generally are promoted again. there's a reason they're promoted...to create awareness. And generally, the share structure lends itself to quick gains.
2. If you follow stocks that have been or look like they will be promoted, buy on the dips as you'll come out on top most of the time. patience = profits.
3. stop losses are not your friend. they let market makers manipulate stocks as they can see them...nobody else can. so, my rule of thumb is to buy stocks that if they happen to go down 50%, I'm comfortable with that and feel they will go back up and much higher.
4. regarding losses- I will NEVER, EVER, sell a stock if it's down more than 20%. If I'm down 10-15% and I need the cash to put into a more profitable stock...I'll sell. Don't book big losses because if you pick the right stock....it will get pumped eventually.
5. Don't chase. If something is promo'd, don't chase it up. It WILL retrace. With every stock you should have a business strategy. How much to sell, and when.
6. last but not least...GREED. I was greedy, and I lost a lot of money. There are 30% gains EVERY day of the week. Book em. They add up. Hitting singles and doubles every at bat is better than hitting a homer every 20 at bats.
good luck. welcome aboard
NVAE
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