posted
Hey all, just wondering how many others are in the same boat as me. My problem is I have lost enough money in the past, that it is made me extremely weary of every purchase I make. Case in point being axige and usxp. Both of these stocks were floating in my radar for weeks before they blew and there prices were so low, man but my weariness cost me. Anyway so here is where I sit my pennystock money is now mostly tied up slightly green in motg, which by the way I have no doubts about, but it will take time. Besides that I have a few hundred bones I am willing to allocate to pennies. I am trying to get that money built up again because as far as my general rules go, well they are gone. The rule I generally like to work with is in 10% and out, which works great with a couple grand but with a few hundred 10% isnt enough to cover the trade fees, lol. So on to my question, who thinks they know of another axige or usxp, those 2 were the main ones floating in my radar and I am far to nervous to hop on now. Problem being I am not seeing any others with those capabilities on my radar now, any recommends? Obviously I'm doing my own dd and taking responsibility for my spends. Just looking for some ideas to investigate, thanks in advance for any info
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posted
basicly, fairly low volume, close to lows, and possibility or rumors of news, thats is about the extent of what I have to work with. I am in the middle of reading a few different books on stock charts, problem with that being that pennies and higher dollar stocks seem to work a little differently
-------------------- jesus mickey you've got liberia's deficit in your front pocket, and your cryin over 500 quid?
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I did AXIGE and felt the same Mr. Big - but IMHO what's the value in selling at a 50% loss (which is where I was when it ran and I am basing that comment on a $500 purchase) ---
Let me ask you a question (keep in mind I am still wet behind the ears as well) - but why did you sell AXIGE at a loss? What kept you from waiting a little longer?
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actually steam what I mean is my past losses have cost me my nerve when it comes to these pennies. I saw great possibilities when axige and usxp were very low still and lost by not buying, I would have put a sell in for these two at 100% and got out fine, both did much better than 100%. Anyway I am getting my nerve back or confidence whatever you want to call it, and looking for some more positive outlooks, tia
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ah - got ya - well under those circumstances I'd say continue to learn, watch the others; there's a lot of good people in this group. I've befriended a number of them and they've made me proud to be your neighbour to the north.
The best advise I can give as a fellow rookie is: be smart; do your DD; ask questions; find people you can trust and ask questions; be patient; and have fun. As well, find someone else that is just learning and learn with them "hi 10of13" --
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Big there are a few safe people here in my opinion that have great pics,good strategy's if others who read this tread post safe people to follow that would benifit alot of people. There are alot of people who we don't trust but don't post those please! Keep this positive. Pennys are fun if you play with the right folks and since i have been here this is the best group of folks that I have ever worked with! I will go first I trust will and jelly very much!
-------------------- Trading is a blast!!
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quote:Originally posted by bigblaster: Hey all, just wondering how many others are in the same boat as me. My problem is I have lost enough money in the past, that it is made me extremely weary of every purchase I make. Case in point being axige and usxp. Both of these stocks were floating in my radar for weeks before they blew and there prices were so low, man but my weariness cost me. Anyway so here is where I sit my pennystock money is now mostly tied up slightly green in motg, which by the way I have no doubts about, but it will take time. Besides that I have a few hundred bones I am willing to allocate to pennies. I am trying to get that money built up again because as far as my general rules go, well they are gone. The rule I generally like to work with is in 10% and out, which works great with a couple grand but with a few hundred 10% isnt enough to cover the trade fees, lol. So on to my question, who thinks they know of another axige or usxp, those 2 were the main ones floating in my radar and I am far to nervous to hop on now. Problem being I am not seeing any others with those capabilities on my radar now, any recommends? Obviously I'm doing my own dd and taking responsibility for my spends. Just looking for some ideas to investigate, thanks in advance for any info
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