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GoGreenU2

09/17/12 4:02 PM

#14445 RE: DoubleRD77 #14443

Yep. Nothing ventured, nothing gained. Just be prepared for either way.
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robsinthehood

09/17/12 4:37 PM

#14464 RE: DoubleRD77 #14443

hey man dont do that... slow small steady gains is where its at.. u dont wanna blow your account up hoping for a certain price.. play the charts.
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UNDAUNTED

09/17/12 5:43 PM

#14472 RE: DoubleRD77 #14443

DoubleRD77,
I know you'd like to see your investment increase 10x so you'd have some real money to invest.
I want to give you some advice I've learned the hard way. There's a lot of BS on here and a lot of immaturity, this is from the heart.
I'm 45, and I've been investing 13 yrs. Only now am I starting to make some 'real money'. Am I a savvier investor after 13 yrs? Yes, that is part of it, but honestly that's a small part. I knew how to read a chart and research 13 yrs ago.
The difference is I've learned to be patient. That can't be taught, it HAS to come from inside of you.
And I've learned the cardinal rule of investing - 'Don't lose what you have'!!! I can't stress this enough. It sounds simple yet most investors violate this principle everyday. I did for years. How you ask? With the same mindset you expressed in your post...that is, I don't have much to invest, so I'll just chase 1000% longshots and when they don't payoff I'll just say to myself, 'Oh well, it wasn't much to start with'. WRONG, WRONG, WRONG and again WRONG.
You protect what you have like it was your child! Even if all you have to invest is $500. 1st rule is 'Don't Lose it!'. So if you are fortunate to make 2x your money in a stock, be happy with it and don't lose it all by hanging on to it with stars in your eyes about making 10x. Because any stock that can double quickly can become worthless just as quickly. Have the TEMPERMENT (that comes from inside you) to be grateful to God, yes God for increasing your wealth and move on.
Then be PATIENT. You don't have to be in stocks everyday. Here's another lesson I've learned the hard way. There is ALWAYS a good investment that will turn up eventually if you will just be patient enough to put your money on the sidelines, relax, enjoy the satisfaction of your last profit and then start looking for the next opportunity. I used to think I had to be in 1,2,3,4 or more stocks at any given time. Instead of putting my energy into finding the next opportunity, I'd buy lots of stocks and put all my energy into HOPING they would go up. And the worst part is that I would see opportunities to make a good killing quickly on a stock, but couldn't take advantage cause all my money was tied up in stocks that were going no where.

Something about your post struck a cord in me and said 'say something to that guy' he may be making some of the same mistakes you made.
So, 1) Don't stay in a stock so long you risk losing your capital.
2) Be Patient
3) Don't be afraid to put all your money on the sidelines and wait for the right oopportunity.
4) And don't ever think you won't see 187k. You just might, but it will take time.I will leave you with this thought from the creator of the universe and that's the best source you can have:
“Dishonest money dwindles away, but he who gathers money little by little makes it grow.” -Proverbs 13:11