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YES, I am making great cash, I am getting more picky on my plays and i only work part time now at the age of 37. Learn all you can and for the love of god follow up a lead with dd!!! and you will make it, this is the slow season next month gets alot better !!!!!
-------------------- Trading is a blast!!
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I wonder the same thing. This summer has been brutal. People said summer was bad, I had no idea how right they were! It's such a manipulated market, it's hard to know what will cause a stock to rise. I've seen stocks run on bad news and fall on great news. Can't seem to quit looking for my diamond's in the rough though.
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In spite of the bad times, I am still having fun and addicted.... Beleive me, this board is the best. Trust me. I have been in this board since 2003
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Personally I've done MUCH better playing Craps in Vegas, but I did cash in pretty nicely on TNOG about a year ago, and SHRN in Dec. of '04.
Penny stocks are a lot like garage bands (in the words of David Geffen) you have to invest in about 20 positions to have one put you over the top.
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I'm not talking out of my arse, my best friend was the original drummer for Coal Chamber, they used to play with Korn and System of a Down before they were anyone. Geffen's philosophy was similar to my penny stock approach.
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Seems to me the small caps go up when the big caps go down and vice versa. Trouble is the market kept going up, but I think its about to change (hope so). Anybody got ECPS?.Ive got $400 in that is now worth $1 and change
-------------------- On the beaches of Hesitation bleach the bones of countless thousands.
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All pinks are crap. Please tell those RSHN guys holding since March. I lost over ten grand on CKYS in less than a week. Tanked from .036 to .0095 today. Made it back on FHAL/CSHD though with the $15 per share hype.
Never let anyone tell you a pink is a great buy or good hold, they're too manipulated by crooked MMs and insiders.
-------------------- One risk I enjoy: daytrading stocks
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Get in, get out, I stay in them for only a few days, except for IGAI (6 months). Read the boards too see which stocks have the hype (volume). Buy when the runs starts, sell while there is still volume. Any profit is good profit. Flip the shares, get your capital out, then ride the free shares for more profit.
Most important, don't believe anyones word (there are a few exceptions). Do your own research.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.
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"Get in, get out, I stay in them for only a few days, except for IGAI (6 months). Read the boards too see which stocks have the hype (volume). Buy when the runs starts, sell while there is still volume. Any profit is good profit. Flip the shares, get your capital out, then ride the free shares for more profit".
It took me a while to get used to this trading style, I was used to playing long only, but have done quite well since.
First and formost - do your own homework, do it well, and you'll be okay. JMHO
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