Replies to post #11019 on Baristas Coffee Company, Inc. (BCCI)

[Sola Fide]

Start slow, smaller positions, take profits...at least some off the table to lower your position price point, that way if it tanks you still get out without getting crushed. If it continues to run, you've still got tickets.
Greed is one of the worst enemies of a trader / investor.
Don't think about making ALL your losses back on one or 2 plays...that is greed.

All honest traders pick more dogs than winners, the trick is to limit your losses on the dogs so that the winners cover them.

Spend less time & $$'s trading and more time learning for a while...imo.
That $40k will be gone in short order and you'll be another statistic, or perhaps worse yet, you'll refill your account without having figured out where you went wrong..and thereby commit the same mistakes...imo.