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Carjockey2

02/28/13 9:48 PM

#18017 RE: DetroitTraderJoe #18016

Going to pm ya!!!

Carjockey2

02/28/13 10:13 PM

#18021 RE: DetroitTraderJoe #18016

Well I hope you get a PM account tomorrow so that my 5 paragraph pm to you doesn't go to waste....lol

pauljack13

02/28/13 11:20 PM

#18022 RE: DetroitTraderJoe #18016

I've only been doing this for 2 or so years and I've been muddling through. I've lost about 6k. I'm finally starting to develop some rules and read about strategy. The 2 most important things I've learned is never chase a stock. Wait till it stops and hopefully consolidates than reevaluate because most stocks fall right back down again.
Always implement money management. Never risk more than 5 to 7 percent on a trade. If you have a 10k account, don't trade more than 1 thousand and get out if it falls 50 percent. Don't think this stock is the greatest stock ever and you need to play more money. Another stock will be right around the corner.
Also a bonus, penny stock season is between January and May. The most money is made during those times. The reason is most people get their tax returns and company bonuses during those times and try investing. Volume picks up. GLTY

titan11

03/01/13 9:27 AM

#18059 RE: DetroitTraderJoe #18016

Follow the Blackops board and Lowtrade board for insightful trading knowledge, that would be my suggestion