Replies to post #42443 on FrankSpeech Network Inc (FSBN)

[Renee]

Wickw50....I totally agree with you , and your counsel is wise . The not-so-skilled investor should be reminded of the
~ 700 % gain just a month ago ( from .0022 to .015 ) and the possibility of another meteoric run that they could miss if they try to emulate the skilled traders . IMO , even some of the skilled traders / investors will miss out IF there is another meteoric run(s) and they are out at that moment , especially if the next possible run is sustained with minimal to no retracement .

I'll guess that many GZFX investors are in negative territory from all the other OTC cherubs that have bombed and been manipulated downwards from a purchase point . GZFX could easily RECOVER every penny lost from those other stinkers .

Excellent post , Wickw !!!!!

[andrius]

I disagree... Never told anyone to trade frequently. I suggested selling/buying a portion when extreme moves happen. If a highly momentous uptrent happens why not sell a chunk and if another big move follows sell another chunk? Then patiently wait for an extreme move the other way and buyback 1/2 your sell and then if it pulls back more buy another 1/2? Heck after buying back you'd still have extra left funds leftover to add again or buy another stock.

For a cycle to complete like this both ways many times it can take few weeks, even months. Not sure making 4 trades in this time frame is "frequent" trading. Don't even need to watch it daily to do this. Every trader/investor should have a plan for entry and exit. To take away greed factor one should pick a spot where they want to lock in profit and put orders spread out at appropriate prices according to the plan. If your target gets reached put a buy out for same # of shares 50-66% below the high.

As for accoplished charting skills and knowledge of MM activity its more for day traders, not new investors. Why in the hell would a newbie with longer term goals need to understand MM movements on L2? L2 helps predict intraday moves so why would someone holding long term care what happens on a second by second basis? If they got their plan and orders out they don't even need to be here during the day for 1 second. Checking on price after dinner at night is all thats needed.