Multiplication is the key ingredient in any successful, profit-making venture.

The classic example of the power and principle of multiplication is the stroy of a child asking his father to change his allowance system to the "pennies-a-day" method. "What's that?" asks the father. "Oh, it's simple," his son explains. "You just give me a penny today, two pennies tomorrow, four the next day, and so on. Then we'll start all over again next month." This sounded harmless enough, and the father thought he might even save some allowance money on this deal, so he agreed. Here's what the son would have receive using this principle - $5,368,709.12. An if there were 31 days in the month that the father and son entered into this agreement, the son would have been owed - $10,373,418.24

Something as small and as insignificant as a penny has, by applying the pwer and principle of multiplication, exploded into millions of dollars in one month's time.

Ray kroc bought the McDonald Brothers' hamburger stand in San Bernardion, California when they were selling hamburgers for fifteen cents apiece. People drove from all over for a hamburger. They would come from everywhere. Mr. Kroc had to make a decision: He either had to expand the existing business by adding to the building, installing more stoves, hiring new employees, etc., etc., or he said, "I can be smart and build deplicates of what I've got here all over the world. LOOK at McDonald's today.

I think QBID has potential...so I divided it in two buy, one which I will daytrade & other which I will keep if news still look positive....I think I have 1m & 900k...

As always...thanks for the tip...Dadog

GLTA

Everything you said in there is some awesome advice for us rookies, I will follow that to a 'T' everytime. It will save me bundles of money, and not only that...but also bundles of headaches.

I believe Uncle Milty ONLY holds free share for the long-er term.....

remeber you are only paranoid if they are not really out to get you(r money)

quote:

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Originally posted by Neo:
glass no prob... I dont expect to get a real good answer but none the less want to put in a limit in and am trying decide on a number (thats stocks) anyway glass I saw you tell some one recently the name a good book tfor this type of trading but I dont know where it is on the board, I am on my way to barnes and nobles now, what do you recomend.

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OK -a beginner's guide to day trading online by toni turner----good starter
and desk quick referenc

All About Technical Analysis by Constance Brown
This will blow your mind--it did mine she covers all the charts forward-backward and upside down (hand on bible)
not a good desk refernce and hard to grasp al of it-she does read tea leaves

quote:

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Originally posted by Neo:
glass no prob... I dont expect to get a real good answer but none the less want to put in a limit in and am trying decide on a number (thats stocks) anyway glass I saw you tell some one recently the name a good book tfor this type of trading but I dont know where it is on the board, I am on my way to barnes and nobles now, what do you recomend.

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May God Bless All.

quote:

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Originally posted by dardadog:
There seems to be a large amount of "newer" inexperienced traders here on Allstocks these days. Glad to see so many new, and what appears to be, younger traders out there. I wish I had been smart enough in my late teens and early twenties to invest in my future. I don't consider myself "old" at 43, but when I was that age I considered my future to be next week rather than next decade.
On to the point here. Many of the investors here follow my "flyin fast" leads and do in deed make good quick returns on their investments. But I want to bring attention to a very important rule that I'm afraid many may be overlooking. Particularly in the case of "QBID". The rule I am refering to is "Cover Thy Ass". It's fun (and profitable) to latch onto a microcap that takes off like a rocket. But gains on "paper" don't impress the finance officer, and they don't pay off or save for college tuitions. Microcaps are just that for a reason. Something in the companies past has dictated that they are worthless. When they stir, everyone aware becomes excited and begins accumulating shares with the "Beverly Hillbilly's" theme song stuck in their head. Dreamin' and making extravagant shopping lists, walking around with a stupid grin on their face, thinkin' EZ street is the next block up from here. "Danger Will Robinson - Danger"!!!!! Guys.....if it were really this easy, nobody on the planet would work!!!
I make this point, and hope many take to heart, because paper gains are just that..."paper". You see how fast the portfolio can increase on one of these wild rides, but believe me, it can shrink faster. The smart investor always, and I mean ALWAYS, keeps this first and foremost in mind. Front And Center. While these microcaps are great to play, a smart investor will always "Play Free". Pick a price at which the stock reaches where you can sell partial holdings and keep a block of shares for free. You then have your initial capital back to re-invest in "new" up and comers, and if the free gem you are riding tanks, you can still get some use out of the shares you own for free. .0001 Certs can be used in place of Charmin next time you are at the grocery store. Chafes a bit, but not as much as it does if your ass is raw from the ol' back door screwin' you just took by having your whole wallet tied up on the dream. I want all to really think about this. More people in the penny game have had this experience become a realization, than have had the "Beverly Hillbilly's" dream come true, I assure you. Just remember, although this seems like a game, the only real game in life belongs to Milton Bradley. Good Luck out there.

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PINKS ARE MONEY (KEYWORD MONEY) STOCKS AND YOUR OPINION IS THAT OF A SEASONED INVESTMENT BROKER WHO IS TRADING NYSE AND MUTUAL FUNDS.

THE ABSOLUTE ONLY REASON FOR THE PEOPLE BUYING PINKS IS BECAUSE OF 30%-400% OR MORE GAINS WITHIN MINUTES AND SOMETIMES SECONDS. THE ABSOLUTE ONLY REASON FOR A PINKSHEET STOCK IS REPORTING AND SOME (NOT ALL) COMPANIES WISH NOT TO REPORT AND FOR VERY GOOD REASON.

"FLYIN FAST" IS THE WHOLE PINK SHEET MOTO.

YOU MENTION QBID WHICH IS A GAY/LESBIAN TELEVISION CHANNEL ABOUT TO HIT THE AIRWAVES THROUGHOUT THE COUNTRY, ALASKA/HAWAII AND PUERTO RICO. QBID IS A HUGE VALUE IN RELATION TO THE GAY/LESBIAN COMMUNITY AND THE UPCOMING STATUS. I BELIEVE SAME-SEX CIVIL MARRIAGES IS NOW LEGAL OR GOING TO BE LEGAL IN ONE STATE. I'M IN NO WAY SUPPORTING THE WHOLE ISSUE BUT I'LL BE THE FIRST TO STEP UP TO THE PLATE AND SEE AN OPPORTUNITY LIKE QBID AND BUY/SELL. QBID HAS $1,500,000 (ONE MILLION FIVE HUNDRED THOUSAND DOLLARS) TRADED IN CASH IN ONE DAY WHILE MOST OF THE PINKS YOU CAN'T BUY BECAUSE YOU WONT BE ABLE TO SELL THEM EVEN IF THEY GO UP 20%.

ALL PEOPLE HERE INCLUDING YOURSELF USE THE TERM "DO YOUR OWN DD". WELL IF THIS IS THE CASE WITH PINKIES, THEN YOU CAN'T DO ANY DD BECAUSE THE STOCK IS BASICALLY WORTHLESS SINCE THERE IS NO FINANCIAL REPORTING AND STOCK VALUE IS BASED SOLEY AND ENTIRELY ON FINANCIALS WHICH PINKS REPORT NOTTA!

THE ONLY PERSON I SEE PLAYING PINKIES FOR LONG TERM IS ME. I USE THE APPLICABLE PRINCIPALS OF STOCK VALUE AND POTENTIAL WITH REALISTIC EARNING POTENTIAL AND RIDE IT OUT. TO DATE: I'M 100% ACCURATE.

FOR THE NEWBIE READING THIS POST: YOU ALREADY KNOW OR HAVE HEARD TO STAY COMPLETELY AWAY FROM PINK SHEET STOCKS. EVERY "TRAINED" BROKER WILL TELL YOU THAT YOU WILL ONLY LOSE YOUR MONEY. IF ALL YOU DO IS THINK INSIDE THE BOX, THEN YOU WILL LOSE ALL YOUR MONEY! IF YOU CAN THINK OUTSIDE THE BOX AND SEE WHAT "COULD-BE" AND BE REALISTIC ABOUT THAT "COULD-BE" THEN THE PINKS ARE FOR YOU. THAT IS THE TRUE BOTTOM LINE. CAN YOU TAKE 10,000 AND FINANCIALLY RETIRE JUST BY 10-30% MOVES ON PINKIES? ABSOLUTELY IT CAN BE DONE. CAN YOU BUILD A NICE WEALTH POSITION, ABSOLUTELY IT CAN BE DONE. CAN YOU FINANCIALLY RETIRE? ABSOLUTELY.

THE ANSWERS ARE YES YES AND YES!

CAN YOU LOSE ALL YOUR MONEY? YES BUT I'VE YET TO SEE ANYONE LOSE EVERYTHING. NOW THERE IS GOING TO BE REPLIES ABOUT SOMEONE WHO LOST IT ALL, MAYBE JUMPED OFF A BRIDGE BECAUSE OF IT AND YES, THERE ARE SOME OF THOSE IN EVERY CATAGORY. PROBABLY SOME KID SOMEWHERE WHO DIDN'T SELL AS MANY COOKIES AND SHOT HIMSELF.

Here's a great article written by Bill Panetta (Aka Omnitrader) from Investor Hub. Read and heed...

I have a profit what should I do now?

PROFIT MANAGEMENT: boy this is a rough subject

When you have a profit there are so many things running through your head. Your nervous your sweating bullets.

You can talk to 10 successful traders and you might get 10 different answers on this subject. And BTW if any TRADERS want share there profit management strategies with us please feel free to do so. This is what this weekend is all about.

For me Profit Management is real simple, alot of it depends where I buy the stock. If I am buying near the 5 & 10 moving averages or a stock like PLKC a break of the 200-day moving average those are my favorite and easy to manage.

Once I have a profit I have alot options:

I can sell everything because I feel it has reach a resistance level that I thought it would not break. HRCT was great example went right to my target of .79-.80 area and slammed right back down. A starbucks play for me.

You always hear this one: sell 1/2 when you double your money:
I have a slant on this one: I sell 1/2 when I a have profit.

Again I am trying to take the emotions out trading and this has done it for me personally.

Sell 1/2 when you have profit: what is the theory behind it.
When you sell 1/2 when you have profit it accomplishes one thing
immediately: it gives you a winning trade a guaranteed profit on the trade, and that’s all I am looking for.

Examples:

PFCE: bought @ .40 sold 1/2 @.60
CYGN: Bought @.66 sold @ 1/2 .80

What does it accomplish?

1- I locked in a profit
2- I am guaranteed its a winning trade why? Because if it came all the way back down to my original buy price I still win.
Now heres the beauty of the whole thing if PFCE goes 2.00 & CYGN
goes to 5.00 guess what I win.

Then on the rest of my postion all I have to do is follow my momo guidlines: 5 & 10 day moving averages and 50% rule.

The main point of this concept is you always put yourself in a position to have a winning trade. It’s a win win situation for me.

I am not an AL DAVIS fan (raiders) but as Al always say's

Solid Advice...