posted
hey, is there anyone in here that usually gives the best picks etc.???????, i am excited to get started on this and to make some $$$
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Very good advice.....and learn what LOWS and HIGHS are....Or you'll be left hanging.....and not know when to get in and out! Or When to go long....(whatever that is) LOL
Cuz' everyone has great picks but, if you don't know when to get in and out....YOU'RE GONNA' GET BURNED!!
Good luck.
and ask for help if you need it.
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run...
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Not supposed to listen to someone to trade a stock. Even if they have a great record, you're simply asking to "blame" someone for your investment. Especially on message boards.
Yes, trade on paper first, try them out but in the end, you need to learn to trade and make decisions based on your own knowledge, not someone elses.
Hope that helps.
-------------------- Charts are like artwork, it's the same painting to everyone but each person see's something different.
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One thing about paper trading. You never get filled at bid or sell at ask. Somewhere in the middle. It's a lot easier to act like you didn't pull the trigger on 100% profit on paper. My main problem is selling to early and leaving the party to soon. Put a easy 30% in front of me and I will pull the trigger every damn time. I have had stocks go from .015 to .45 guess where I sold. Most at .03 and very little that was left at .30. Follow your own picks and you will be o.k. Do the dd yourself. Look to key players for stocks and help. By the way there is no Fred Smith. I hope you did a lot of looking to find him. Watch for a while and you will know how people play and who to follow or lead. I will be in the shadows. Ask a lot of questions. Throw out a stock and people will look at it and tell you what they think.
-------------------- Amazing how much time we spend looking for the truth but never spend the time to get to the point.
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Ktrain but hes a daytrader and everything for him is quick. So if your looking for longer holds then his picks may not be right for you. You should never just listen to someone on here though without doing your own research and make up your own mind. Most people here that own a stock are pumping it. Not to say there out to get anyone but once you are in a stock then you out to make money. That means getting new blood into the stock. So you try and give the best picture out front. I actually like hearing what the bashers have to say. They usually take the truth and twist it but there is truth in there statements most of the time. Also they are the best resources for o/s that isn't being given by the company. Bashers tend to get o/s more correct then stock owner most of the time.
NEVER FALL IN LOVE WITH A STOCK. Especially a penny stock. They are doomed to begin with and have major hurdles to over come. Most run in cycles. They run up and fall back down and repeat the process. Now you have to watch out though, because some pink companies are diluting on the up so after awhile there is no longer a uptrend because the stock has become to diluted, cmkx and prrm are 2 active examples. But I think swing trading in pinks is the easiest plan to follow. YOu study the cycle of a stock, make sure its not diluting shares or ready for reverse split. Then you figure out its low and buy in. Hold a little while then sell on its run up. Then you can buy back when it drops back to its low or move on to the next one.
I really believe that most people lose money because they hold to long. Thinking that the run isn't over (its just a retrace to cover the gap as an example) When I see a stock lose its forward momentum, I am out. I may lose some profit so be it. It's better then losing all my profit because the group that caused it to run or whatever is out and the stock price is in a free fall and you can never get out. Profit is profit never look back. Also selling a stock you own when it is going down is a must to make money. I see it so many times, A good stock is falling in price and someone holds saying it will turn around soon. So what if it does. If you sell and buy back at its low then you actually make money off being a smart investors. Never let a long tell you don't sell this will go up soon. Invest wisely not from the heart. JMHO
Ric
-------------------- Invest with your brain not with your heart.
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for me, dont know gonna watch for a week and play with paper and what how it works, btw i still cant turn my member ratings on, anyway have an i dea???????
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I can make it look good on paper. Just pulling the trigger on cash is hard. It's not the same but shows how it could work. I never paper traded. Glad I didn't I started with $500 and 4 months later I had $3,000 in cash. Those were the days my friend I thought they would never end. My luck ran out and that account is now worth $1200 not bad profit but I left some on the table. Being new I would not overtrade just because you want to play. Find a stock buy at the bottom and wait. Don't try buying into a run for a while. Guess who the bag holder will be. If you can't see the bag holder you are the bag holder. Good luck. Find a stock and post it. People will respond not some everyday stock with a cult like following. Go to pink sheets look at market activity most requested qoutes and find a stock. DD it and post it.Then buy it after you get some feedback from a few people.
-------------------- Amazing how much time we spend looking for the truth but never spend the time to get to the point.
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Charts are good, filings are good, and so is PR, but after many years of trading I find that Talking to the CEO and getting to know what he thinks of his own company is a certain addition to any DD that just can't be beat.
All of the above are wise tools to use.
With about 750 stocks on different list within my streamer data base. There are very few that I even concider worthy of an investment. Short term trading is good, but finding the absolute bottom that a stock will trade at before it turns north is paramount.
After all these years and 1000s of hours of DD under my belt. Its still all about timing!
Get up early and read as many PRs as you can find pre market, because the momentum in any play usualy starts with a PR or because of a time frame stated in a past PR.
Never regret taking profit, and falling in love with any stock will leave you sitting on the side lines as many other stocks run up! If your gonna play long, be certain that its gonna be well worth it in the long run!
Good Luck Cheers Rick
-------------------- Nothing moves a sub like news!!!
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