posted
I would appreciate help from anyone. My question: Why do most of my stocks go up after I sell them? Even if I keep them for 4 or 5 months with little movement and little or no change in volume. This happens to me atleast 75% of the times. Now, I feel they are personally against me, the companies are waiting on me to sell so that they can raise the stock price and make me fail..
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posted
basically, without realizing it, you've been fighting the MMs. A lot of hype goes on that has nothing to do with whether a given issue will move. Did you try papertrading before using your capital?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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My father always said. "seems for the past 40 yrs, this has been my experience. Everytime I sell something it goes up, everytime I buy something it goes down/stays the same" Sure he's made a few $'s in the past 40 yrs, but nothing comapred to what he could have made. In his case I know why he has bad luck. In your case I do not know.
Look at my post Investing tips for noobies. Hopefully its of help. I'm adding new ideas daily
-------------------- Do not invest on any of my suggestions
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quote:Originally posted by Interesting: Hi BuyTex, I have never done paper trading. I still have to learn what MMs mean. When I look at a stock in level 2 I see MMs.
No offense, but you need to quit risking your capital. Well, in fact, you need to make sure it is capital and not "money." Make sense?
If you don't know about MMs, you're not ready to trade. The MMs are critical to the entire process--they literally "Make the Market"; they are the Market Makers who buy and sell your shares... The Level 2s are showing you their bid/ask structure...
Bone up and read and papertrade--lottsa good newbie info here on-board and around the 'Net...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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I actually bought RSHN yesterday at .0042 I hope I break this pattern. Its even more strange that the stock goes up the same day (shortly after) or within a couple days. To name a few, it happened with ICRD, DGIT, IPWG, and most recent (yesterday) LNXGF.. e.g Lnxgf broke the .42 mark after few months. It is now at .45 and seem to be going up. Past few months it would come up to .39 and go back down to .35, little movement. This cycle happened within every 2 weeks.
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Yeah I clearly understand the MM's. But I'm trying to get at the nuts and bolts of the thing. Look at my tips for noobies. I feel there's some pretty good ideas there. Heck its free reading, everyone can takle it or leave it.
Paul
-------------------- Do not invest on any of my suggestions
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quote:Originally posted by Interesting: I actually bought RSHN yesterday at .0042 I hope I break this pattern. Its even more strange that the stock goes up the same day (shortly after) or within a couple days. To name a few, it happened with ICRD, DGIT, IPWG, and most recent (yesterday) LNXGF.. e.g Lnxgf broke the .42 mark after few months. It is now at .45 and seem to be going up. Past few months it would come up to .39 and go back down to .35, little movement. This cycle happened within every 2 weeks.
It's a fairly common--and dangerous--psychological reaction to "take it personally." Remember--the market could not possibly care less about you. Or me, or anybody...
Some traders, after a loss, even get to thinking that "the company owes me" and will get burned again trying to "get their money back." Not the way it works...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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Non taken BuyTex. I have not lost any large sum of money yet. I will do some more reading to fine tune the mechanics of the stocks. Thanks for the explanation on MM's. I also found one of your other reply on MMs. This part of the forum has some great information.
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quote:Originally posted by Interesting: Non taken BuyTex. I have not lost any large sum of money yet. I will do some more reading to fine tune the mechanics of the stocks. Thanks for the explanation on MM's. I also found one of your other reply on MMs. This part of the forum has some great information.
yup, lottsa good traders here, and a ton of information...
good luck, and keep digging around. Feel free to ask questions, realizing most will get answered after trading hours...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by Interesting: I would appreciate help from anyone. My question: Why do most of my stocks go up after I sell them? Even if I keep them for 4 or 5 months with little movement and little or no change in volume. This happens to me atleast 75% of the times. Now, I feel they are personally against me, the companies are waiting on me to sell so that they can raise the stock price and make me fail..
LOL..I understand that feeling..I was told that "the stock will go up...about 10 minutes after you sell"...happens to me all the time...
What "our" problems is...well sounds like "we" are getting in the stock too early...not "reading" things right...
Try getting a book called "beginner's guide to day trading on line" By Toni Turner and maybe try some of these sites... there's bunches of information right here Allstocks...but you should probably start reading at the begining of the threads...that's where most of the info is...
Good luck to you and don't be afraid to ask questions...even one's like..what's an MM? Market Maker...most people feel "stupid" asking...but if we don't ask...we won't know...
posted
Thanks 10of13 (big family?),SkipJake, I will check Barnes & Noble for that book. They have a lot of books on trading. I wonder if there are any books for trading with Pinks? And thanks to all you guys, I don't feel any problems asking questions. I actually read once, a while back, on what a market maker was. Silly me, I did not put it together when I looked at the level II charts and saw "MMID" or when I read any post with MMs.
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