posted
I will start of by saying that my first time on stocks and i lost 200 dollars on ADVK because i bought it a .19 for 2000 shrs and now its at .085. WGFL bought at .04 and now it is at .032. *tear *tear
Posts: 16 | Registered: Mar 2004
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posted
It happens. I lost like 400 on gwdl, but made up for twice that with cwir, gzfx, awe. Now if only GE would go back up (i have ALOT in GE for the long term, 5+yrs)...
Posts: 423 | From: Westchester County, NY | Registered: Jan 2004
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posted
Try paper trading for a month or two to get a feel for how the market flows, and more importantly ebbs. This is not a game for the weak minded, this is not a game for the weak willed. If you drive 62 in the left lane this is not your game. WAKE UP this is the real world. Take your losses and learn why, take your profits and learn why. There are no no kleenexes here.
Posts: 1019 | From: Are You With The CIA? | Registered: Dec 2003
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quote:Originally posted by DiQuiRiesco: Try paper trading for a month or two to get a feel for how the market flows
I have to agree.. paper trading is a very good way to get the feel of the market and it's up's and down. Another good way to learn the workings of the stocks is to pick 5 stocks at random , then just papertrade them on a daily basis . Learn how to predict the trends of each as best as possible without overwhelming you with too much data to absorb from maybe too many stocks to watch... Learn to buy on down days and sell on green days .
The main thing to remember is that everybody will take a few losses from time to time . It's part of the market and the game, not to mention part of the appeal for some... But the main thing to learn is you only take a loss if you sell.
Also one last thing I always try to consider before I sell.. is that if I was convinced yesterday that the stock was a good choice to buy into.. what would make me sell tommorow if it happens to go red on me. This is where your research comes into play . And the ability to deal with the ever changing trend of the market. It's all psychology. Learn that part and you will make the profits.
quote:Originally posted by punkrocks3401: I will start of by saying that my first time on stocks and i lost 200 dollars on ADVK because i bought it a .19 for 2000 shrs and now its at .085. WGFL bought at .04 and now it is at .032. *tear *tear
Except for a lucky few we all lose on some of our first trades. This is the price you pay to learn.Pay attention to the people who post on this board there are a lot of experenced traders here, if you read the posts you will get some good info on how and when to trade. I am down on most of the stocks I hold right now but that does not mean that they are a loss. The market swings both ways so do your DD and good luck.
Posts: 1169 | From: Pollock Pines Ca | Registered: Feb 2004
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posted
I ALWAYS TAKE A POSITION IN A CO. I BELIEVE HAS A FUTURE. I ALSO PUT A FEW DOLLARS ASIDE TO BUY MORE IF PRICE DROPS. A PENNY OR SO NO. BUT IT DROPS AS MUCH AS ADVK DID, I'll BUY MORE ON DIPS. YES YOU'LL KICK YOURSELF IT IT GOES UP, UP AND UP BUT MOST STOCKS ALWAYS PULL BACK. LAST TIME I KICKED MYSELF (THREE TIMES) WAS MY POSITION IN MDDM. EXCUSE ME. I'M GOING TO KICK MYSELF AGAIN.GOOD LUCK
Posts: 85 | From: st.louis mo. | Registered: Nov 2003
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posted
Paper trading is great in theory. However there is nothing like putting your money on the line to teach you. Paper trading can only tell you what you put down... there is no guarantee that your orders will be executed at that price. I'm real glad I didn't paper trade mddm, though there are some I wished I'd never touched. Good luck trading!
Posts: 594 | From: TX | Registered: Jan 2004
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posted
Punk I have a few questions: 1.Why did you buy this stock or what made it standout as a buy signal? 2.What kind of trader are you? Posts: 440 | From: Irmo, SC,USA | Registered: Oct 2003
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posted
you don;t know loss until you look at SNG's chart. That was my first taste of real loss.
The everything just starting dropping for me. Hopefully the end of this week will be better than the end of last.
ADVK is re-launchin in the 22nd, so if you still have those advk stocks, I would buy more at a low price. buy like 5000 more if you bought 2000 before.
Just my opinion. I mean it could always go lower...and lower...and lower.
But I took a chance and got in at .16, cried a few days and got more at .08 so who knows. Maybe the 22nd will be a good day.
Posts: 100 | From: Biloxi, Mississippi for now | Registered: Mar 2004
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posted
Yea id love to swictch losses with him, LOL. Your not playing enough for it to really hurt. Start putting 3-$5K in a stock and see how being down $800-$1,500 is on one trade.
Posts: 440 | From: Irmo, SC,USA | Registered: Oct 2003
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posted
I have lost a lot too but I am learning. I figure it is part of the learning process. I mean you don't start a new job and expect to know everything about it. You will lose more than you will win but one good pick that breaks out could make all the losses we have suffered seem insignificant..look at it this way...where would you be if you were not playing the stock market...a dead end job that you probably will be at for the rest of your life with no hope or chance of success...but at least this is what you think about when you are at your job and it makes you feel better to know you have a chance of a better life.
Posts: 516 | From: Worcester,MA,USA | Registered: Dec 2003
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quote:Originally posted by punkrocks3401: I will start of by saying that my first time on stocks and i lost 200 dollars on ADVK because i bought it a .19 for 2000 shrs and now its at .085. WGFL bought at .04 and now it is at .032. *tear *tear
I would like to say first of all do not take your losses and learn......HOLD the stock and hope for a recovery. You havent lost anything yet, the stocks are just down. You dont lose until you sell for a loss.
quote:Originally posted by brincher: I would like to say first of all do not take your losses and learn......HOLD the stock and hope for a recovery. You havent lost anything yet, the stocks are just down. You dont lose until you sell for a loss.
As quickly as losses can multiply in volatile pennyland, riding a stock down can be an unwise decision. One should always decide on a maximum tolerable loss point for each position held.
posted
I lost 3,000 on AQCI! I thought the company showed real promise, but I was wrong. Learning is tough sometimes, but that's just life.
Posts: 9 | From: Texas | Registered: Mar 2004
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quote:Originally posted by smackdaddy33: As quickly as losses can multiply in volatile pennyland, riding a stock down can be an unwise decision. One should always decide on a maximum tolerable loss point for each position held.
quote:Originally posted by smackdaddy33: As quickly as losses can multiply in volatile pennyland, riding a stock down can be an unwise decision. One should always decide on a maximum tolerable loss point for each position held.
So your saying if YOU bought ADVK at .18 and its at .065 today, you would sell it? lol Keeping in mind we are answering a question for a new trader. Even though 2 news reports have come out in 2-3 days...reporting good news at that.
[This message has been edited by brincher (edited March 17, 2004).]
posted
I'm down about $2,000 in gwdl and trbd. Not selling and stuck in waiting for somewhat of a recovery.
Posts: 148 | Registered: Jan 2004
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posted
I can offer up one more piece of advice. You will see a lot of people screaming "buy this stock now" on this and other boards. Don't ever do it based on one persons advice. Instead, investigate the stock yourself. Convince yourself that you should buy it. Follow the thread and see what others have to say. Follow up on their research, etc. In short, sell yourself on it, don't let someone else sell you on it.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
I always sell stocks when stochastics rapidly approach "overbought". This is when people are screaming "buy! buy!" A lot of these "lottery stocks" never come back.
Unfortunately the reverse rule doesn't always apply. I bought NNCO when stochastics were at "oversold", and they've been sitting there for about a month now as the stock slowly dipped down to what I'm hoping is a solid bottom now.
posted
ming you need to buy when stokes are oversold and moving towards 50, along with confirmation by other techs
quote:Originally posted by Ming: I always sell stocks when stochastics rapidly approach "overbought". This is when people are screaming "buy! buy!" A lot of these "lottery stocks" never come back.
Unfortunately the reverse rule doesn't always apply. I bought NNCO when stochastics were at "oversold", and they've been sitting there for about a month now as the stock slowly dipped down to what I'm hoping is a solid bottom now.
posted
That makes a lot of sense, Cabbage - guess I was trying to predict movement of a stock, but buying when the stochs are going up from oversold makes more sense than buying just at oversold or dipping towards oversold.
With NNCO it had an up and down pattern that seemed predictable - unfortunately that patter has been broken of late.
posted
Yes me and cabbage can definently speak the same language.
Also when trading before buying Im hoping each trader or investors initials a stop limit because if you dont you could get burned badly and make poorer decision as it falls more. Hoping for recovery is like hoping for a new heart transplant. It could be to late before you get it.
Translation:HOlding and hoping for a recovery may lead what you hold to bankrupts, splits, etc.
Lets make sure we know the difference though between a trader and a investor. It seems me and Cabbage are traders and a few others replying, but the rest of you guys are investors. Your views are fundmentals, my views are technicals with a backbone for fundamentals.
posted
Best strategy is to get to know a stock better than you know your lifelong lover.
Fundamentals, technicals, officer personal information, history, gossip, absolutely anything and everything, including if the front desk secretary wears panties or not.
Research also includes email to the company as well as phone calls if deemed appropriate. How people respond, if they respond, is an excellent gauge of intent and intelligence.
A wild card for you, a tarot card of death, which was never a factor in investments until recent times; terrorism. How do we deal with this wild card? I don't have a single clue. Effects of terrorist attacks range from nothing to market devastation.
Like a challenge? This will test your skills at research and digging up distant obscure information which proves very valuable.
GCHC is a well known pump and dump stock. Has been for years. For yourself, to test your skills, find a document which shows GCHC being pumped and dumped back in 1996.
RVNM, a well known pump and dilute stock earning the owners a nice living without ever returning anything to investors who support their lavish lifestyle. Test your skills. Has the wife of the CEO produced a record album? Can you find a picture of her? Finding those will confirm you are on the right track to good research.
quote:Originally posted by Purl Gurl: Best strategy is to get to know a stock better than you know your lifelong lover.
Fundamentals, technicals, officer personal information, history, gossip, absolutely anything and everything, including if the front desk secretary wears panties or not.
Research also includes email to the company as well as phone calls if deemed appropriate. How people respond, if they respond, is an excellent gauge of intent and intelligence.
A wild card for you, a tarot card of death, which was never a factor in investments until recent times; terrorism. How do we deal with this wild card? I don't have a single clue. Effects of terrorist attacks range from nothing to market devastation.
Like a challenge? This will test your skills at research and digging up distant obscure information which proves very valuable.
GCHC is a well known pump and dump stock. Has been for years. For yourself, to test your skills, find a document which shows GCHC being pumped and dumped back in 1996.
RVNM, a well known pump and dilute stock earning the owners a nice living without ever returning anything to investors who support their lavish lifestyle. Test your skills. Has the wife of the CEO produced a record album? Can you find a picture of her? Finding those will confirm you are on the right track to good research.
Purl Gurl
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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quote:Originally posted by blackice318: Punk I have a few questions: 1.Why did you buy this stock or what made it standout as a buy signal? 2.What kind of trader are you?
Answer: 1.ADVK stood out as a buy signal because i found it really interesting because i am in a small band
2. I dont know what kind of trader am I but i can tell you this. I am fifteen and worked hard for that money. I gave a couple of hundred of dollars to my relative to put in for me in his account. So whenever i wanted to put money into a stock i told him where to put it.
I lost $200 dollars.Maybe i might try in several months later or when i am eighteen but i sort of stepped into a hole. Thanks everyone who gave me some advice i am saving it in a file for the future.
posted
usm i have no idea where your coming from. If you keep going by that keep waiting or wait till this and that, you may very well be a broke trader.Take Your Losses & learn your lessons.
Posts: 440 | From: Irmo, SC,USA | Registered: Oct 2003
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posted
BLACKICE WOW ARE U REALLY WARREN BUFFET U SOUND LIKE HIM WOW I LOE UR ADVISE U SHOULD HAVE UR OWN THREAD AND CALL IT BLACKICE WOW UR WORDS ARE LIKE HEAVEN PLZ BLACKICE GIVE ME MORE ADVICE I STILL HAVE FEW THOUSAND CAN U HELP ME LOSE THEM PLZ
LOL SUP BRETT
Posts: 196 | From: apple valley,ca,usa | Registered: Oct 2003
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posted
On the topic here of taking your losses... a small story of my own.
I bought in to VNTB a month or two ago, and struggled for a week to sell to break even at .004 (minus comms). the company filed bankruptcy, and volume completley died. Two months later now, the company is higher than it's been in a long time, prospering up at .015, up nearly 370%, and still rising.
This goes to show that even in the worst of situations when you think it's over, it's not...
posted
I don't recommend holding all the time, but with ADVK I do. At least until Monday. They are relanching their website and they have good support forming at the .07 range and no resistance until the .17 range. And the volume, if everything goes as intended at their website (www.itsfun.com) the volume should be 2 to 4 times higher than normal.
So no, don't hold onto all losing positions, and i'm not necessarily saying for him to buy more ADVK, but in this case at least hold it until monday or tuesday.
I bought more tho... But what do I know.
Posts: 100 | From: Biloxi, Mississippi for now | Registered: Mar 2004
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