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yeah got into FRTP on first day of news release increased by 60% and still going.. sold NDOL and got into FRTP..best move I have made offlate!
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I got killed today and yesterday... Today I was up 4K but MB trading had my stocks frozen as they were being transfered over to choice trade, by the time I was able to sell them I went from being up 4K to being down 2.5K! I am pissed off at MB trading, they had my stocks locked up and I was denied the option to sell. NDOL and STTK were both up at the open, 1 hour later I had a $6,500.00 swing south.
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I am suffering from newbie syndrome. Here is a partial list of woes
NDOL: Bought at .20 got out in a panic at .71 only to rebuy today at $1.02 and went down again. SFDE: Followed Superman7 too late - DOWN 66.82% VWKM: Cann't even sell this at .0001 - DOWN 51.08% FPPL: Another run I missed - DOWN 50% XLPI: DOWN 48.28% XSNX: Bought at the all time high! Now down 47% CBAY: DOWN 44.83% STTK: DOWN 38.31%
There's more, but I don't want to depress myself any further.
Even my big boys JLG and EBAY are currently way down from my purchases (but JLG is going to go up after its May 24th Press conference)
Can anyone say they are in a worse "blood bath" than me?
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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CNES = waiting for that never then sooner to be delivered contract BKMP = got in at the top of it's last run up to .0007 averaged down to .0004, but this one is like watching paint dry NDOL = got in early, and doubled my money even on this dip and still hopefull for big run towards end of week INSQ = why do I own this? can somebody help with this one JPHC = just thought I needed some gas for my fire, or a little salt for my wounds AMEP = another oil play that moves at warp turtle speed, mostly backwards
Bloody maybe, but not so bad, still up overall considering previous plays. I always feel like I get trapped into holding. Need to sell and lick my wounds a little quicker.
Feel all your pain though especially those that trade with big numbers. I typically don't let myself get more than 20% of portfolio into the riskier OTC and Pinks.
Do very well with zacks.com and their timely buys, gives me a pretty solid 20 to 30% return on some very solid blue chip plays.
GLTA , there always that next runner with a PR thats just been released. haha
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jo, i feel bad for you but bro i never reccoemnded SFDE lol...i never even played that one myself bro. But yeah these penny plays are dangerous u got to get in and out quick even if it means u make 10% cause no where else can u make 10% in 2 min lol, with a bank it would take like 5 years to make 10% as appose to 2 min in penny stocks.
quote:Originally posted by Jo4321: I am suffering from newbie syndrome. Here is a partial list of woes
NDOL: Bought at .20 got out in a panic at .71 only to rebuy today at $1.02 and went down again. SFDE: Followed Superman7 too late - DOWN 66.82% VWKM: Cann't even sell this at .0001 - DOWN 51.08% FPPL: Another run I missed - DOWN 50% XLPI: DOWN 48.28% XSNX: Bought at the all time high! Now down 47% CBAY: DOWN 44.83% STTK: DOWN 38.31%
There's more, but I don't want to depress myself any further.
Even my big boys JLG and EBAY are currently way down from my purchases (but JLG is going to go up after its May 24th Press conference)
Can anyone say they are in a worse "blood bath" than me?
Jo
-------------------- please dont trade stocks on my alerts, do your dd first.
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Fell real bad Jo, hope it didnt happen to you. cant say much. But here is just my 2 cents. dont ever take a loss greater than 20%. Here are some profit / loss stats I picked up from elsewhere on the board. Recovering a Loss
Loss - Gain Needed to Recover Loss
10% -- 11.1%
20% -- 25.0%
30% -- 42.9%
40% -- 66.7%
50% - 100.0%
60% - 150.0%
75% - 300.0%
90% - 1000.0%
Timing your entry and exit from the market is critical to making money and controlling losses.
Run above 100% is too difficult to continue if O/S is huge. so dont try to join stock that has run above 100% unless the news is EXTREMELY good like currently IPRE. Another thing is NEVER sell in panic. Never chase a stock. Also, keep your profit margin expectation limited like 25%. expect low, and gain high. and first and foremost, dont trade with money you cannot afford to lose 100%. I wish you very good luck.
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I am pissed off at MB trading, they had my stocks locked up and I was denied the option to sell. NDOL and STTK were both up at the open, 1 hour later I had a $6,500.00 swing south.
