posted
I HAVE JUST OPENED MY ACCOUNT AND HAVE BEEN WATCHING STOCKS THAT OTHERS OFFER AS GOOD PICKS AND WAS WONDERING HOW THEY COME UP WITH THIS? ALSO I WATCH SOME OF THOSE STOCKS AND THEY TRADE ALOT OF SHARES BUT THE PRICE DOES NOT MOVE. HOW COME? AND HOW DO YOU FIND OUT ABOUT NEW PENNY STOCKS THAT ARE COMING OUT?
Posts: 36 | Registered: Jan 2006
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if your new in trading you'd better play other stock than pinky one! but if it's your choice .....do your own dd before buying what other trader tell you! it's like jungle here..... dont play what you cant afford to loose!
good luck and take a look at GZFX...for long term investment!
-------------------- dont drink and drive!!! Posts: 884 | Registered: Dec 2005
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Wet, be oh-so-careful playing penny stocks, especially pink sheet stocks. When reading these boards, remember that not everyone is what they seem, and may be looking for gullible money.
Always research any stock you're thinking of buying, and just pick something you like. Toomuch's GZFX is a good pick, as they actually have a product and a potential very big partner (Circuit City).
If you want quick cash, this might not be the place for you; you can lose it all just as quick, and sometimes quicker, than you gain.
As always, don't invest more than you can afford to lose.
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money. Posts: 1032 | From: DFW | Registered: Oct 2005
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Pinks are not a good place to learn to trade. But alot of us do it.
Just be careful and don't buy or sell unless it's because of what YOU feel is the best decision... don't just look at what everyone is buying, because we can all be wrong. This isn't fool-proof. Be careful and really, really, really only play with money you can burn and never see again.
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
posted
NOT ENOUGH TO CONSIDER. THAT IS WHY I AM ASKING THE PEOPLE IN THIS ROOM. BUT ALL I GET IS BEWARE SIGNS BUT NO INFORMATION ABOUT GETTING STARTED.
Posts: 36 | Registered: Jan 2006
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Investorwords.com (if you need help defining terms)
learn o/s and a/s
Learn how to read volume!!! I still struggle with this sometimes.
Don't sweat the small stuff if you know you are right.
Any time you think you are right, look at again cause you probably missed something.
Sell into the run...don't wait until you see the top.
Don't chase a stock. Unless the run literally just started.
READ READ READ STUDY STUDY STUDY LEARN LAERN LEARN
Listen to those you decide are legit but don't let ANYONE influence your decision.
BuyTex gave you some good advice.
The Bigfoot
P.S. Very few people on this board who give you advice actually follow it themselves. That includes me. It is very easy to tell people what to do to increase the chances of being successful. Much harder to actually follow the rules when your own money and emotions are on the line. This is why you are getting so many "be cautious" messages. ...That and the fact that you can lose all your money in a matter on minutes with penny stocks.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
find a book called "a beginners guide to short term trading" by toni turner it will help teach you how to read charts. www.stockcharts.com is also a good place to spend time. DONT GET GREEDY if you get profit, get out. I have lost so much money waiting for the big payday. And have an account with low commisions so you can make use of smaller amounts of money. I use ameritrade.
Posts: 218 | From: MD Baltimore | Registered: Jan 2005
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