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I would like to hear some true stories from al of your Investors as to what some of your successes have been in investing in penny stocks. What was the details of the stock? How much money did you make? Etc, Etc?
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I acquired an ulcer, suffer from panic attacks, half my hair has turned gray, I've lost 27 lbs, chain smoke and cant be in the sunlight for prolonged periods anymore. Oh yeah haly my prior 401k is now worth half of what it was, well on paper anyway, anytime soon this thing is going to skyrocket, yeah very soon we will see the right PR or 10Q or acquisition or merger, very soon something will happen. Welcome to the madness. True story.
-------------------- "Man who excels at putting worm on hook is Master Baiter"
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Bob: Right with you on the chain smoking, The only excersize I get is walking to the porch and smoke, run back hit refresh and hope I hit the bigone, repeat every 20-25 min.
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Success? Oh you mean how successful I have made everyone else, because after holding a stock for way too long and tired of seeing my money just sit there...I decide to sell? And roughly 10 minutes later (after my sell) the stock sky rockets, hense making the person that just bought my stock successful?
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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Do you, experienced investors, find it more beneficial to hold penny stock for long period like a year or so, or do a day trading? From your experiance which yields better results?
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I personaly have a few stocks that i am going to hold for the long haul and hope one day they explode but the rest are like a revolving door to me, cash out, cash in.
-------------------- If ignorance is bliss, why aren't more people happy?
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The hardest part is seeing them go nuts after you sell. I sold one for a 75 dollar profit a few months ago only to watch it explode on naked short news the next week. I missed out on a 20k profit. DAMN!
-------------------- Flip stocks. Never invest in them. Take your profits. All is my opinion. Do your own DD.
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I made over my yearly salary since I started trading January 11th...started with 3k, lost half that the first two weeks....
first big one...UPDA in at .16 - out * .48- took all proceeds and bought USXP * .005 - out in the low .04's
Now RSHN...in * .0004/5 and have flipped every week since....good luck so far, a lot of toni turner book nights, and a increasingly distant girlfriend....lack of sleep, scottrade streaming in my mind 24hrs. a day....I no longer go outside because my karma is sure to catch up with me...falling trees, run away milk trucks,wild elk attack...etc....
-------------------- I teach in the middle of a cornfield-Do your own DD and don't base your investments on my opinions
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RSHN is also my latest success/failure depnding on how I look at it from day to day, I was in at .0005 sold at .0019. I took a nice profit but it sure sucks to sit here and watch it climb and climb. I am happy for the people that are still in it.
-------------------- If ignorance is bliss, why aren't more people happy?
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My best success was from RCO about 2 years ago. I was buying in at .01 and selling .02 weekly, pulling a nice chunk out every week and then the damn thing went 1:60 neg split to $1.20. I thought it was the end of my 100% fun. Three days later it went over $5. I sold at just alittle over $4.50. Bought a 65' Mustang with the profits. Still have the car today and call it my red RCO.
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quote:Originally posted by 7 of 9: ... will retire off of PAIM
Do you really believe this? Not disputing you ... just wonder why you are so confident about it. I've played "gold mine" stocks before and still have bad dreams about them.
-------------------- Everything I say is only my opinion ... right or wrong.
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quote:Originally posted by ARTTEACHER: I made over my yearly salary since I started trading January 11th...started with 3k, lost half that the first two weeks....
first big one...UPDA in at .16 - out * .48- took all proceeds and bought USXP * .005 - out in the low .04's
Now RSHN...in * .0004/5 and have flipped every week since....good luck so far, a lot of toni turner book nights, and a increasingly distant girlfriend....lack of sleep, scottrade streaming in my mind 24hrs. a day....I no longer go outside because my karma is sure to catch up with me...falling trees, run away milk trucks,wild elk attack...etc....
Dont forget about the safe falling our the window
I have increased my portfolio roughly 50%. It is like gambling. I have a set amount of how much I am willing to lose. Once I lose that, I go ALL IN out of anger.
I made the most on LFWK and USXP. USXP makes me too nervous to get back in.
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I am only including my highlight reel....I have probably made and lost twice my salary =)!!!...the secret to success-read every toni turner book written, learn to read charts(slowly) one week dedicate to candlesticks, the next week RSI, etc...don't buy into peoples opinions,learn to know who is full of BS...
....my montra...PIGS GET SLAUGHTERED....it has been a very rocky,gut sickening,sleepless,kicked out of bed because of the laptop light keeping her awake,sex deprived(when I was caught tradng on my PDA(while skiing) in Aspen two weeks ago"can we just go away for some time for us, no stocks"...yeah baby, I don't need my stocks),speechless few months...and....PAPER TRADE IN ADDTION TO USING REAL $$$$....just for fun...learn from unrealized losses and gains while you are winning and losing in real life...IMO
For newbies, I figure it this way...let's say you have $500, and buy 1 million shares of 5 bottom feeders .0001's- now, you could keep your $$ in a trusty savings account and earn 3% or an aggressive mutual fund and earn 10-15% (on a good year)....or you do some DD, find a penny with a product and rev's, check the filings,PR's, look at the charts,etc....and you have five chances of breaking out...I am currently buying CWFG..a few million shares a week if I can. Matto gave me the idea...I think he is after 250 million shares...I am settling for 25 million shares.....and hope to pay off the house on that when it breaks loose...but patience is the key IMO....GLTA... but what the hell do I know..I have begginers luck...
-------------------- I teach in the middle of a cornfield-Do your own DD and don't base your investments on my opinions
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