I bought 100000 shares at .0061 just as the market opened. I hope that this is going to be a good trade. How long should I hold? When should I sell? Help me I am so nervous being this is the first time for me. And please dont laugh at me.
------------------ This is the Sgt. of ARMS saying good day and GOD BLESS all.
Posted by theprofit on :
Sgt. You should hold until you feel comfortable with the gains or loss. Don't ever wait for someone to tell you to buy or sell especially in pennyland because the stock may drop faster than you can click sell or buy by the time you wait for a reply. Good LUck.
Posted by tntrader on :
You realize you didn't tell us what you bought?
TSBB?
Good luck to you
Posted by Az...Cats on :
quote:Originally posted by Sgt. of ARMS: I bought 100000 shares at .0061 just as the market opened. I hope that this is going to be a good trade. How long should I hold? When should I sell? Help me I am so nervous being this is the first time for me. And please dont laugh at me.
Don't sell it man!! keep those shares. Thats the reason it fluctuates so damn much is because traders keep selling. buy buy buy!!!
Posted by Sgt. of ARMS on :
I'm sorry. yes it was tsbb that I bought
------------------ This is the Sgt. of ARMS saying good day and GOD BLESS all.
Posted by realityinc21 on :
quote:Originally posted by Sgt. of ARMS: I'm sorry. yes it was tsbb that I bought
CONGRAT'S
RULE #1 OF DAYTRADING--DON'T GET GREEDY.
RULE#2 TAKE YOU CASH OFF THE TABLE ASAP. MEANING. WHEN FEASABLE SELL 2/3 RDS TO RECOUP CASH AND SAVE 1/3 FOR FREE. IF AND ONLY IF YOU HAVE DONE YOUR DD AND THINK THE 1/3 IS WORTH KEEPING. IMHO
------------------ DIANA
Posted by Dardadog on :
GOOD JOB SARGE. ITS KINDA LIKE MICROWAVE POPCORN.....WHEN THE POPPIN' SLOWS DOWN.....GET IT OUT OR GET IT BURNED. DO YOURSELF A FAVOR AND GET YOUR SELL READY WITH EVERYTHING BUT THE PRICE AND MINIMIZE IT SO U'S A FAST SARGE.......
GOT ANY MONEY LEFT? ITEX IS RUNNIN'.....
------------------ Due Da Due......But Be Quick About It!!!!!
DaDog
Posted by realityinc21 on :
quote:Originally posted by dardadog: GOOD JOB SARGE. ITS KINDA LIKE MICROWAVE POPCORN.....WHEN THE POPPIN' SLOWS DOWN.....GET IT OUT OR GET IT BURNED. DO YOURSELF A FAVOR AND GET YOUR SELL READY WITH EVERYTHING BUT THE PRICE AND MINIMIZE IT SO U'S A FAST SARGE.......
GOT ANY MONEY LEFT? ITEX IS RUNNIN'.....
GOTTA TAG TEAM GOIN' ON UP IN THE HOUSE!!! LOL
------------------ DIANA
Posted by WWJD-thru-me on :
Sarge-Since you appear new I will give a word about settlement dates. 3 days for the trade to clear after you sell. If you have margin you will be able to buy something else right away but you may have to wait till the clearing date to sell that or at least not use that same money till the trade settles. Four in and out trips with the same money will get you flagged as a day trader and you will only be able to use cleared cash for 90 days or so. Some brokers are stricter but if you have questions people that know a lot more than me can answer them. just didn't want to see you get stuck or upset when the broker is looking for more money from you. Best of luck -Debi
Posted by Lutalo on :
The first thing I do with higher risk stocks is put in a sell order right after I buy them since I cant watch the market constantly...I just made a fast $500 off USGA by doing that and it wouldnt have been done otherwise... Just use your disgression on what a sell price is... Usually on sub pennies I look to make 33% but that all depends... the 1/3 long idea is good too for companies that you have faith in i.e. real companies that are or becoming fundamentally sound.
Posted by MOSES2 on :
And don't forget to pick an exit point on the down side, and stick to it if things get ugly. Don't let your pride get the best of you
[This message has been edited by MOSES2 (edited May 30, 2004).]
