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AcousticHockey

05/13/11 11:31 AM

#13143 RE: IronWorker512 #13142

Lesson is never dwell on those things. You made profit, time to pick up and move on. There will always be a next play. Re-analyze as to why you made the choice you did. I've been a spectator for a bit but I remember when I was in your shoes. You need to learn T/A and how to do charting (although on penny plays it really doesnt matter, it's all momo driving them). But you let your emotions get involved, whenever you do that you set yourself up to fail. Another thing that I would highly advise is you need to learn about the market. The guys here are great but you cannot rely on others to give you every stock pick. It's your money, personally I like to know what I'm investing in and doing my own DD before I throw money into something. Sure it feels crappy when the stock continues to run but look on the other side, it could have gone the other way and you could have lost 90% or more (since it was a penny stock). I know I'm sounding like a hard ass but it's just a learning experiment. Learn how to separate emotions and not to dwell on things but learn from them and you will do just fine. The lessons you learn will be worth so much more than you could have potentially made (you never know how long you would have held, you can't say "oh man my shares would be work over 7 cents right now" can you honestly look in the mirror and say that you would have held so long? I don't think you could.)

Anyhow I know I probably sound like a jerk but you'll do just fine. The guys on this board are great. But I would advise not having your entire portfolio in penny markets. JMO, everyone has their own style.

Good luck!