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Originally posted by budgie:
i dont think slim or anyone else wants to put up their email addresses for spam, but since you want the help you should put yours up and chance the abuse

or better yet edit your message and ask your direct question

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Originally posted by realityinc21:
I HAD POSTED SEVERAL MONTHS AGO. MAYBE THIS WILL HELP PEOPLE. DIANA

ESTABLISH A SET OF TRADING RULES THAT WORK FOR YOU. THESE ARE MY RULES. YOU HAVE TO COMPILE YOUR OWN. MAYBE THIS WILL GIVE YOU SOME GUIDELINES TO GO BY.

MY PENNY STOCK RULES:

1. I never buy on impulse or get emotionally attached to a penny stock--think LOGIC--I buy it, I sell it, I make money and I rarely look back.
2. I never buy a stock JUST because I like it or worse someone else likes it.
3. I rarely buy a micro penny stock trading under a volume of 50,000 mil--80 to 100 mil is better (always remember there has to be buyer for every stock you buy)..
4. I rarely hold a micro penny stock over night...My definition of micro penny is under .10 cents ..Rarely over a weekend..NOTICE I SAID RARELY. THERE ARE SOME STOCKS THAT HAVE A BUILD UP AND IF THE VOLUME IS GOOD AND I FEEL CONFIDENT ABOUT MY DD I WILL HOLD IT FOR THE RUN. At $7.00 to $10.00 a trade I can buy and sell it every day on news or hype or earning whatever. .(THAT'S WHY IT'S CALLED DAYTRADING)
5. I never buy a penny stock on the way up. IE CHASING I watch the pre market trading and set a buy price and a sell price and stick to it (missed out on NEOM by sticking to my rules--I noticed it at .11 and refused to buy to high) UPSIDE IS I DO NOT HOLD 500,000 SHARES OF NEOM AT.43 CENTS---DOWNSIDE I DID NOT MAKE 50,000 DOLLARS. I DID MAKE A COUPLE OF GRAND BY PLAYING THE GAP AFTER THE RUN. IF YOU MISS THE RUN PLAY THE GAP. ie THE DEAD CAT BOUNCE. LIKE THE MAN SAID--THERE IS ANOTHER STOCK JUST WAITING TO BE BOUGHT.
6. I never think about GETTING RICH OR RETIRING on penny stocks..My goal is to make $200.00 a day and not lose my original investment. Most often I exceed my goal. (When I lose money it is usually because I have not followed my own rules)
7. I never ride a stock down--I will sell it and re-buy it. EXAMPLE: BOUGHT CTKH AT .002 AND .0022. SOLD HALF AT .0046. SOLD HALF OF THAT HALF AT .0069. IT STARTED GOING DOWN AND I BAILED OUT AT .006. NOW LOOKING A BUYING AGAIN. LOGIC-DO YOU ACTUALLY BELIEVE MUTUAL FUND MANAGERS WOULD HAVE HELD ONTO IBM IF IT DROPPED 50%?????--(WELL SOME WOULD) LOL I THINK NOT..RIDING A STOCK DOWN IS LIKE THROWING 50% OF YOUR MONEY OUT OF A CAR WINDOW AT 75 MILES AN HOUR AND HOPING IT FLIES BACK TO YOU. OR BETTER YET "IF YOU LOVE IT LET IT GO--IF IT LOVES YOU IT WILL COME BACK TO YOU". THATS BULL****--IF IT LOVED YOU IN THE FIRST PLACE IT NEVER WOULD HAVE LEFT.....I have actually bought and sold the same stock 3 times in one day. ATNG WAS A 3 TIME BUY AND SELL. BOUGHT AND SOLD IBZT 3 TIMES ONE DAY. (not usually but it does happen).

8. I never insult or bash another fellow trader..I respect other people's trading methods. I LEARN FROM THEM. What the hell--It's not my money.....( It's not like they are setting on third base at a black jack table and take a hit on 15 and the dealer has a 6 showing and I have $500.00 dollars riding on that hand). Remember it is us against them. I DO LISTEN AND LEARN AND BENEFIT FROM THEM.
9. I never trade with MONEY that I am not willing to lose.
10. I follow the market and market trends (not just the stocks)
11. I never buy a stock without reviewing, analyzing and understanding the charts. I learned how to read charts and believe in them...They do not lie..I MAY NOT KNOW WHAT A COMPANY MAKES OR PRODUCES OR SELLS WHEN I BUY IT BUT I DO REVIEW THE CHARTS ON THE FLY AND PUT IN A BUY ORDER FOR SMALL AMOUNT TO GET IN THE DOOR. MOST TRADERS KNOW WHEN A RUN IS COMING AND HAVE ALREADY DONE THE DUE.
12. I never get gambling and investing confused. I INVEST IN REAL ESTATE...MY BUSINESS...SMALL,MEDIUM AND LARGE CAP STOCKS WITH A HISTORY-MANAGEMENT TEAM-FINANCIALS--ASSETS--CASH--ETC..30YEARS+ GROWTH AND INCOME MUTUAL FUNDS WITH 12% OVERALL GAIN IN GOOD AND BAD TIMES (THEY ARE PROFESSIONALS AND THAT IS THEIR JOB). I GAMBLE WITH PENNIES.. MY DEFINITION OF PENNIES IS ANYTHING UNDER $1.00.
13. I always take 50% of earning from each week and e-transfer into INTEREST BEARING TAX account. THEN I LEARNED HOW TO INVEST THAT MONEY IN REAL ESTATE, IRA, TO ELIMINATE PAYING TAXES. INCORPORATE AND PROTECT.
14. I ALWAYS TAKE MY ORIGINAL INVESTMENT OUT OF THE EQUATION WHEN IT IS FEASIBLE TO MAKE ENOUGH MONEY ON THE TRADE TO MAKE IT WORTHWHILE. IE..WHEN THE STOCK IS ON A RUN UP SELL PORTIONS AT A TIME TO RECOUP ORIGINAL INVESTMENT. IF IT IS A STOCK I PLAN TO KEEP LIKE TFSM--I BOUGHT AT 1.06. AT 2.12 I SOLD HALF AND RECOUP INVESTMENT AND KEEP 5000 SHARES FOR FREE.
15. I ALWAYS HAVE FUN......ACTUALLY I HAVE A BLAST....
16. I LEARN SOMETHING NEW EVERYDAY...
17. I CAN'T SPELL, TYPE WELL OR USE PROPER GRAMMAR--AND I SWEAR LIKE A SAILOR..BUT IF YOU PUT A DOLLAR SIGN IN FRONT OF IT---I WILL FIGURE IT OUT.......THAT CERTAINLY DOES NOT MAKE ME STUPID..IT MAKES ME SMART BY RECOGNIZING MY LIMITATIONS. LEARN YOURS.
18. I ALWAYS MAKE MY OWN DECISIONS AND TAKE ALL RESPONSIBILITY FOR MY ACTIONS.
19. I LAUGH EVERYDAY..MOSTLY AT MYSELF AND SOMETIMES AT OTHERS...
20. LAST AND MOST IMPORTANT--THE MARKET HAS A RHYTHM--EACH STOCK HAS A RHYTHM--LIKE GREAT SEX--A RHYTHM..FIGURE OUT YOUR OWN RHYTHM WITH THE MARKET. IT IS CALLED DUE DILIGENCE. LEARN THE RHYTHM OF THE CHARTS. THE REST WILL FOLLOW. TAKE THE TIME TO PASS ON YOUR GOOD FORTUNE TO OTHERS. WHAT GOES AROUND COMES AROUND AND YOU CAN TAKE THAT TO THE BANK.

DIANA

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1. I browse this board to see what stock is currently popular. If a micro-penny stock is being discussed heavily, then that means that there is probably good volume. This AllStocks board is ideal for that, because the most active threads remain at the top of the board.

2. After reviewing what the posters have to say about the stock, I then go elsewhere to confirm what was said (my own DD).

3. Most importantly, I review the chart.

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Unless PR is coming soon, or a launch date is expected, there is no reason why we should expect for a stock to behave differently than how it has behaved in the past.
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If there have been PPS spikes in the past, then we can expect for those to happen again... it's getting in BEFORE they happen where boards like this are a tremendous help.

4. When I am in a great stock, I too sell off and keep free shares. TOO MANY times in the past have I ridden a stock down on corrections, only to see all my gains disappear.

5. WHEN STOCKS ARE FALLING: When I read charts, I like to wait until a stock has made an upward turn before I buy. UNLESS there is an expected launch date, etc. Trying to predict the bottom is very difficult. When a stock is going DOWN, I'd rather wait until I see the first signs of upward movement, and/or big volume, and then keep a close eye on the 2nd day... before deciding to buy. I've learned my lesson TOO MANY TIMES when buying too early. Buy too early (when the stock is still going down, but expected to come UP), and you usually find yourself waiting for the price to come back UP past the point that you bought-in at.

I'd rather miss a day, or two of upward movement, and buy-in when the stock is on the RISE.

6. WHEN STOCKS ARE RISING: Once again, I look at past history (i.e. the charts), and try to guess where the latest rise will run out of gas. If there have been similar rises in the past, it is best to be safe and NOT expect that the current rise will outperform previous ones. Pick a modest PPS, say 80% of the previous high, and pick that as your "RED ALERT" point... a correction is likely to happen soon. I usually sell enough to keep free shares at this point.... however, when the stock is good, I sometimes keep them longer to see if it goes higher... but at that point, I am trigger-happy.

That's it for me. I've traded stocks for about 12 years now, but I just started actively trading using the methods that I listed here since December (2003). I'm probably up 400% since December, and mostly trading free shares now. But I attribute that to LUCK... my first buy was PGHI (now GZFX).

I like Diana's $200-per-day target.

This was hard to do when I only had 1 or 2 stocks, but now that I have several micro-penny stocks, this is very achievable. If you "gamble" wisely on the micro-penny stocks that are being discussed heavily on this board, there is potential to build an income generator. (notice I said "gamble").

Everyone here has the same objective.. to make money.

FINALLY, pick a few posters here at AllStocks that you trust... and go search the threads that they post in. You will usually get a decent idea of what stocks THEY support.... and then start over with #2 above.