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Author Topic: Advice for a beginner
bgrance
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I'm new to the stock market, and in all honesty, pretty uninformed. I'm 16, and my parents gave me some money to play around with in the stock market, and would appreciate any advice that you can give me. Seeing as it's not very much money (less than a thousand), I've decided to invest mainly in penny stocks, and hope to get lucky. But I'd prefer not to randomly invest in just any penny stock, so I was wondering which stocks you would reccommend.

Thanks in advance

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Livinonklendathu
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Read the thread on IGTN - I think it is the best bang for the buck on this message board and appears to be one of the more "solid" penny stocks around.

--------------------
......in Psychiatry circles it's known as a "warning sign"

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jdog006
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bgrance I understand the mind set that you have right now. BUT you need to change your entire outlook. I know that you have good intentions asking for a recommended stock. It is not that easy. You may find that people will give you recommendations. Don't follow them blindly or you will probably lose all your money very quickly.

Learn to research any stocks that have been recommended (often called "DD" or Due Diligence).

Learn how to read charts (at least a basic price chart and MACD).

Rather than recommending a stock to you, I would recommend that you READ READ READ. Read about the stock market and how it works. Read about charts and indicators. Read about any prospective companies that you are thinking of investing into. Read about different strategies for trading penny stocks.

In my opinion, penny stocks have higher risks and rewards (make sure you are prepared for the risk). The reward: You can make gains rather quickly since small gains are a larger percentage of a stock the cheaper it's price. The risk: It works in reverse also. Small losses are a larger percentage of your funds the cheaper the stock price (not to mention the pitfalls of reverse splits and dilution).

I understand that it can be tempting to immediately throw your money into a stock that you think has potential to make money for you. Don't let the dollar signs in your eyes cloud your vision. If you educate yourself as much as possible about everything involved you can maximize your odds for success. The only bit of strategy that I will offer is: Don't frown on small gains. Don't fool yourself into waiting for the big one when it isn't going to happen. Take a small gain (or take your loss) and move on.

--------------------
All of my posts are based on my opinion. My opinions are based on the info available to me at any given point in time. Do your own DD and see if you concur.

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pensandoenti67
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CESY watchout next two months
IGTN
AMEP read the thread everyone talking big huge PPS increase
ILCO following a big run like BCIT.

Posts: 2362 | From: BEENEVERYWHERE | Registered: Mar 2005  |  IP: Logged | Report this post to a Moderator
lilpennypincher
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And I like Ric's list. Here it is!

Ric
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posted May 18, 2005 16:21
--------------------------------------------------------------------------------
Best two pieces of advice for pennies. 1) Don't let people convince you that a penny is a long hold. You will get burnt. Buy low, sell high, and never look back. 2) Due Diligence


DD for otcbb and pinksheets

Here is some of my favorite places to research for the best due diligence. I like doing DD and finding new places to look.

Try these two DD tools to be quick and good with your facts. At pinksheets in a matter of seconds under Company Info I can give you o/s, any r/s, company name changes, or planned changes and more. Quotetracker is a program you install on your computer. I wouldn't survive without it in a quick paced market. Tons of TA and FA with dd. Shoot pinksheets is my homepage on Firefox browser for quick reference. This is the first two places I go for fast due diligence.

www.pinksheets.com {Company Info tab is loaded with information} {SEC Filing Tab - wow} {News Tab - Pr's at your finger tips}

www.quotetracker.com - after you set it up add a symbol quickly then charts, news, research, and raw data at your finger tips. Great charts.

DD is mainly knowing where to go.


FA – Fundamental Analysis

www.pinksheets.com - first place to look!!!! Go to Company info for o/s. r/s, name changes, and many other facts. Go to SEC tab to look for filings. News tabs for latest news that may not show up through normal wire service.

http://www2.barchart.com after you enter stock symbol select opinion to see trend spotter

www.otcbbtrader.com – otcbb loser/winner by volume, price, shares, transaction, and more

http://www.otcbbtrader.com/portal/n_letter/gen/Microcap_Recap_Report.html - otcbb market recap on otcbb and pinksheet market for the day

www.otcbb.com – otcbb news

www.boardcentral.com/index.php?view=Main – most popular stock search

www.smallcapcenter.com – otcbb resources

http://smallcapcenter.com/tools_QuickSearch.asp?page=QUICKSEARCH.ASP - free filter

http://our-street.com/home.htm - list of scam companies

www.sec.gov – latest filings, litigations, proceedings, or suspensions


TA – Technical Analysis

www.stockcharts.com – charting web site

http://bigcharts.marketwatch.com – charting web site

http://www.iqcharts.com/education - TA, candlesticks, chart patterns education

http://www.stockcharts.com/education/ChartAnalysis - teaches chart analysis

http://www.transitionstrading.com/Chart_Studies.htm - teaching about charts

http://www.stockcharts.com/education/MarketAnalysis/dowtheory1.html - theory of market movement

http://www.stockcharts.com/education/TradingStrategies/ - well known trading strategies


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.

Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
100prcent
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I don't recommend trading in penny stocks for a beginner but if you must, here are a couple of tips for you. These tips don't always apply to every stock and each situation is different.

Find a company that is going to do well in the current economy. Oil and Energy companies are doing very well right now. I hate to admit it but companies who gain to benefit from the hurricane are also going to do well. Clean up companies right away. Down the line, 6mo-1yr home builders who have a market in that area will go up. Building materials companies also.

I personally like to find stocks that have a good amount of volume(shares trading). I also look to find stocks that have basically bottomed out and are showing signs that they might be ready to come back. Before you buy though find out why they bottomed out.

Don't put all your money in the same basket. You say you have less than $1000 to invest. I would invest in 3 or 4 different penny stocks. If one tanks, you have 2 or 3 other stocks that could offset that loss.

Don't be affraid to sell for a loss. Example: your stock is down 25% and then news that a R/S (reverse split) or other negative is in the works. Better to sell now for a 25% loss than end up with a 95% loss.

Don't sell all your shares at once for a gain. If your stock goes up 100% and you believe it still has momentum, sell half your shares so you make your money from your initial investment back and leave the other half. You've made your money back and the other half of the shares could still continue to climb.

And most importantly, research the stocks you are interested in investing in.(DD) Learn how to read charts and read the indicators from them.

Many, Many, Many more things you need to know but that is a start for you.

Unfortunately, I am not able to recommend specific stocks for you. Most people wont because they would hate to recommend a stock to you that ends up tanking and seeing you lose all your money.

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will
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So, you have less than a thousand dollars and you're itching to throw it in the penny market. My advice will cost you some money, but at least you will have some money left in the end. If you follow anyone's advice about any given stock you will win a few times, but eventually lose it all. So, that being said, you should do this. I'll assume you have $750. First, send it to me, I will give you a few stock symbols every day, and after a month I will refund you $250, that way you won't be broke, the other way, you better believe you will. Learn a method for picking winners on your own. Trade on paper while your money rests in a bank account.
Now, I already know you won't take my advice, but I wish you all the luck in the world. Your parents gave you tuition money, but if you learn what your doing before you give it the teachers here you can graduate with it, plus more.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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Wangdo
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A bottle of Tums and a sense on when to get out

--------------------
Sometimes the poorest man leaves his children the richest inheritance.

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joe_schmoe
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quote:
Originally posted by bgrance:
I'm new to the stock market, and in all honesty, pretty uninformed. I'm 16, and my parents gave me some money to play around with in the stock market, and would appreciate any advice that you can give me. Seeing as it's not very much money (less than a thousand), I've decided to invest mainly in penny stocks, and hope to get lucky. But I'd prefer not to randomly invest in just any penny stock, so I was wondering which stocks you would reccommend.

Thanks in advance

Bro listen to me. Seriously. Do not play anything you are told by anyone here. As soon as you put your money in you will lose your cash. What you need to do is this. Get Level 2's and microcaptrader. Both are very useful tools which will help you know what the current price of a stock is and whats moving.
In oTC is better for you to become an active trader instead of an investor. If you read this board you will notice alot of plays are called and alot do not move. OTC can make you very rich or leave you account at 0 in 1 week if you don't becareful. Take your advice from a person who has seen both good and bad plays. DD is over-rated. Plays whats moving and get out as soon as you see the price drop...

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bgrance
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I appreciate the advice, the general consensus seems to be to learn to read charts, etc., which was something I had intended to do. I appreciate the links lilpennypincher, do any of them teach you how to read the charts they supply?
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joe_schmoe
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Bgrance. Charts only show you the history of a chart. Alot of people say the chart for XYZ says this is going to run tommorow. When tommorow comes it's down 40% What's important is the amount of shares the stock has and buying pressure. If you have more sells then buys the stock will tank. For ever sell it has to be matched with a buy for the stock to keep moving up....
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morehotair123
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the best advice i could give is stay out of pennies and pinks untill you have some trading under your belt most pinks dont report to the sec and are scams.
make some money in the major markets then take some portion of your profits and gamble it in the pinks
but no matter what ALWAYS protect your capital

good luck

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morehotair123
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oh one more thing never ever put one single penny into ICAN edward hayter is a theif
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T e x
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quote:
Originally posted by bgrance:
I appreciate the advice, the general consensus seems to be to learn to read charts, etc., which was something I had intended to do. I appreciate the links lilpennypincher, do any of them teach you how to read the charts they supply?

the single-best response you got was the re-post of Ric's stuff. He's a seasoned, honest, successful trader with integrity.

OK, the material is overwhelming, all the links and all...yes, that's true.

That's why you paper-trade for, say, three to six months and see how your picks pan out. As you go along, learning, you will have a completely different set of questions at the end of your designated "intern" period. Seriously...if you jump in--especially to "runner" and/or "group-picks," the dough your folks gave will likely disappear like smoke from a campfire...

In the meantime, put your "capital" into a CD or invest 1/3 in some raw materials you can make into something and sell to your teen crowd, whatever the "lemonade aid stand" equivalent is in your peer group: audioCDs, DVDs, T-shirts, jewelry, etc...

Never trust *anybody* advising you to ignore DD--that's like buying a car without checking it out first...

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Ric
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I updated my dd for all so here it is. I am writing a more detailed things you need to know section and will post when I finish.

Things you need to know

Best two pieces of advice for pennies. 1) Don't let people convince you that a penny is a long hold. You will get burnt. Buy low, sell high, and never look back. 2) Due Diligence.

Two things that you must learn about charts immediately is RSI and Bollinger Bands. They are so important. Now there is so much you can learn in charts that will help you make choices but I consider the above the most important things to learn for any investors. RSI will let you know if there is buying pressure or selling pressure. It will also confirm a run. Bollinger Bands also show price pressures and are used to support other indicators. There are links below under TA for education on understanding charts.


Relative Strength Index

Definition:

Relative Strength Index (RSI), an oscillator introduced by J. Welles Wilder, Jr., could be more appropriately called the internal strength index, for it compares the price of a security relative to itself. The RSI is based upon the difference between the average of the closing price on up days vs. the average closing price on the down days over a given period, and is plotted on a vertical scale of 0 to 100. An oscillator refers to a momentum or rate-of-change indicator that is usually valued from -1 to +1 or 0% to %100.

Wilder advocated a 14-day RSI, although shorter and longer periods have gained popularity when the market exhibits certain characteristics. Generally, RSI is measured in a period between 5 and 25.

Interpretation:

There are several possible interpretations for the Relative Strength Index, any of which can be very powerful depending on the market conditions and trading/investment approach: One interpretation is that buy signals are triggered when RSI is in oversold (20-30) area, potentially meaning that the stock is about to reach its low for this trend, and sell signals are triggered when RSI is in overbought (70-80) area, potentially signaling a market top.

A second mode of interpretation is to look for support and resistance lines or common chart formations such as head and shoulders in the RSI itself, indicating potential reversals that the stock chart may not.

A third mode of interpretation is to recognize divergences in the RSI, such as when the price is moving up when the RSI is moving down or vice versa. This can mean that the price is going to "correct" and move in the direction of the RSI.

A fourth mode of interpretation for the RSI is to view it as a bullish or bearish signal when it crosses 50. When the RSI crosses above 50 it can be considered bullish, and when it crosses below 50 it can be considered bearish.


Bollinger Bands

Definition:

Investors use trading bands, lines drawn above and below the moving average, to isolate a range of prices for a given security, based on the concept that a stock generally trades within a predictable range on either side of the moving average. When a stock is near the upper or lower limits of the trading bands is when an investor should pay closest attention, according to conventional wisdom.

Bollinger Bands are considered some of the most useful bands in technical analysis, for they vary in distance from the moving average of a security's price based on the security's volatility. During periods of increased fluctuation, the bands widen to take this into account, and when the fluctuation decreases, the bands are tapered for a narrower focus to the price range. The upper band is the standard deviation multiplied by a given factor above the simple moving average, and the lower band is the standard deviation multiplied by the same given factor below the simple moving average.

Interpretation:

The standard interpretation is that Bollinger Bands do not give absolute buy and sell signals, but instead indicate whether the price is relatively high or low, allowing for more informed confirmation with other technical indicators.

Bollinger Bands are typically drawn two standard deviations from a twenty day simple moving average for intermediate-term analysis, ten day for short term with 1.5 standard deviations, and fifty for long-term studies with 2.5 standard deviations. According to John Bollinger, for the most accurate average "choose one that provides support to the correction of the first move up off a bottom. If the average is penetrated by the correction, then the average is too short. If, in turn, the correction falls short of the average, then the average is too long. An average that is correctly chosen will provide support far more often than it is broken."

Mr. Bollinger also contends that:

Sharp moves tend to occur after the bands tighten to the average, when a stock is less volatile. The greater the period of less volatility, the higher the propensity for a price breakout.

When the price hits the upper or lower bands, it is suggested to confirm with other indicators whether that price movement shows strength or weakness, respectively, which could indicate a continuation. If indicators do not confirm this movement, it can suggest a reversal.

Tops or bottoms made outside the bands, followed by the same inside the bands, indicate a trend reversal.

A move originating at one band tends to go to the other band.

"Resource from IQCharts"

--------------------
Invest with your brain not with your heart.

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Ric
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DD for otcbb and pinksheets

Try these two DD tools to be quick and good with your facts. At pinksheets in a matter of seconds under Company Info I can give you o/s, any r/s, company name changes, or planned changes and more. Quotetracker is a program you install on your computer. I wouldn't survive without it in a quick paced market. Tons of TA and FA with dd. Shoot pinksheets is my homepage on Firefox browser for quick reference. This is the first two places I go for fast due diligence.

www.pinksheets.com {Company Info tab is loaded with information} {SEC Filing Tab - wow} {News Tab - Pr's at your finger tips}

www.quotetracker.com - after you set it up add a symbol quickly then charts, news, research, and raw data at your finger tips. Great charts.

DD is mainly knowing where to go.


FA – Fundamental Analysis

www.pinksheets.com - first place to look!!!! Go to Company info for o/s. r/s, name changes, and many other facts. Go to SEC tab to look for filings. News tabs for latest news that may not show up through normal wire service.

www2.barchart.com - after you enter stock symbol select opinion to see trend spotter

www.otcbbtrader.com – otcbb loser/winner by volume, price, shares, transaction, and more

http://www.otcbbtrader.com/portal/n_letter/gen/Microcap_Recap_Report.html - otcbb market recap on otcbb and pinksheet market for the day

http://tinyurl.com/9s2wr - DD site that is great.

www.otcbb.com – otcbb news

www.boardcentral.com/index.php?view=Main – most popular stock search

www.smallcapcenter.com – otcbb resources

http://smallcapcenter.com/tools_QuickSearch.asp?page=QUICKSEARCH.ASP - free filter

http://www.stockfetcher.com/ - stock filter

http://knobias.10kwizard.com/ - SEC Edgar filings


TA – Technical Analysis

www.stockcharts.com – charting web site

http://bigcharts.marketwatch.com – charting web site

http://www.iqcharts.com/education - TA, candlesticks, chart patterns education

http://www.stockcharts.com/education/ChartAnalysis - teaches chart analysis

http://www.transitionstrading.com/Chart_Studies.htm - teaching about charts


General DD

http://www.allstocks.com/edu/index.html - Research links

http://www.quotemedia.com/results.php - Free level II (not pink)/Delayed

http://www.nasdaqtrader.com/aspx/regsho.aspx - “Sho” list

http://www.nasdaq.com – Tons of information (insider trading/IPO’s/Most active/much more)

http://www.tradetrek.com/online.asp - General but with 5 day and 6 month forecasts

http://www.secform4.com – Free real time insider trader monitor

http://www.otcbbtrader.com/portal/goto.dll - Market Data

http://www.stockmarketyellowpages.com – search tool

http://www.rookiedaytrader.com – Some good advise here

http://www.epubsinc.com/index.php?pageName=formtypes – Edgar form types and descriptions

http://www.shellstockreview.com/ssrShellsBySym.htm - Shell companies

http://www.daytradingcoach.com/index2.htm - trading tips, education, quotes and charts

http://www.investopedia.com/ - dictionary of stock terms, tutorials

http://www.stockcharts.com/education/MarketAnalysis/dowtheory1.html - theory of market movement

http://www.stockcharts.com/education/TradingStrategies/ - well known trading strategies

http://our-street.com/home.htm - list of scam companies

www.sec.gov – latest filings, litigations, proceedings, or suspensions

-------------------------------------------------------------------------------------------------------
Secretary of States

Alabama - http://arc-sos.state.al.us/CGI/SOSCRP02.MBR/INPUT
Alaska - http://www.gov.state.ak.us/ltgov/
Arizona - http://www.azsos.gov/
Arkansas - http://www.sosweb.state.ar.us/
California - http://kepler.ss.ca.gov/list.html
Colorado - http://www.sos.state.co.us/
Connecticut - http://www.sots.state.ct.us/
Deleware - http://www.state.de.us/sos/default.shtml
Florida - http://www.dos.state.fl.us/
Georgia - http://www.sos.state.ga.us/default800.asp
Hawaii - http://www.ehawaii.gov/dcca/bizsearch/exe/bizsearch.cgi
Idaho - http://www.idsos.state.id.us/
Illinois - http://www.sos.state.il.us/
Indiana - http://www.in.gov/sos/
Iowa - http://www.sos.state.ia.us/
Kansas - http://www.kssos.org/main.htm
Kentucky - http://sos.ky.gov/
Louisana - http://www.sec.state.la.us/
Maine - http://www.state.me.us/sos/
Maryland - http://www.sos.state.md.us/
Massachusetts - http://www.sec.state.ma.us/
Michigan - http://www.michigan.gov/sos/
Minnesota - http://www.state.mn.us/ebranch/sos/
Mississippi - http://www.sos.state.ms.us/
Missouri - http://www.sos.mo.gov/
Montana - http://sos.state.mt.us/css/index.asp
Nebraska - http://www.sos.state.ne.us/
Nevada - https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpSearch.aspx
New Hampshire - http://www.sos.nh.gov/index.html
New Jersey - http://www.state.nj.us/state/
New Mexico - http://www.sos.state.nm.us/
New York - http://www.dos.state.ny.us/
North Carolina - http://www.secretary.state.nc.us/corporations/
North Dakota - http://www.knowx.com/northdakota/northdakota-corporate-records.jsp
Ohio - http://www.sos.state.oh.us/
Oklahoma - http://www.sos.state.ok.us/
Oregon - http://www.sos.state.or.us/
Pennsylvania - http://www.dos.state.pa.us/dos/site/default.asp
Rhode Island - http://www.state.ri.us/
South Carolina - http://www.scsos.com/
South Dakota - http://www.sdsos.gov/index.htm
Tennessee - http://www.state.tn.us/sos/
Texas - http://www.sos.state.tx.us/
Utah - http://www.utah.gov/ltgovernor/
Vermont - http://www.sec.state.vt.us/
Virginia - http://www.soc.state.va.us/
Washington - http://www.secstate.wa.gov/corps/
West Virginia - http://www.wvsos.com/
Wisconsin - http://www.sos.state.wi.us/
Wyoming - http://soswy.state.wy.us/corporat/corporat.htm


Phone Numbers provided by HitMe101

Knight Equity Markets, L.P.
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DEALER/INST SALES
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BULLETIN BOARD TRDG
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BROKER DEALER
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NASDAQ TRADING
972-701-3100

DALLAS TX
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AGENCY TRADING
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DALLAS TX
877-273-9728

LOS ANGELES
310-914-1163

STAMFORD CT.
203-708-5910

866-682-2398

INTL TRADING
203-708-5890

800-525-8620

877-350-BULL

LISTED TRADING
973-912-2790

CONVERTIBLES
203-708-5868

BROKER/DEALER DESK
212-336-7007

JEFF Tradition Asiel Securities Inc.
NASDAQ
212-791-4770

OTCBB
212-791-5335

VANDHAM SECURITIES CORP.
NEW YORK NY
212-223-7510

CloseVNDM 07:30
0.015 50 Oppenheimer & Co., Inc.
NEW YORK, NY
212-422-7813

CONVERTIBLE BONDS
212-668-5764

800-682-5381

NASDAQ/OTCBB TRADING
212-422-7813

LISTED DESK
212-668-8033

INSTITUTIONAL DEPT
212-943-9055
Hudson Securities, Inc.
JERSEY CITY, NJ
201-216-9100

JERSEY CITY, NJ
800-624-0050

JERSEY CITY, NJ
212-227-7733

INSTITUTIONAL SALES
800-419-9187

201-216-0375

COLORADO
888-576-1828

BOCA RATON, FL
800-898-2777

INTERNATIONAL
888-306-1998

561-361-0951

CANADIAN ARB
201-216-1475

WM. V. FRANKEL & CO., INCORPORATED
JERSEY CITY, NJ
201-434-5005

NEW YORK, NY
212-943-6633

NEW YORK, NY
800-631-3091

SEABOARD SECURITIES, INC.
NASDAQ/OTCBB
973-514-1699

FLORHAM PK, NJ
973-514-1500

AGENCY DESK
973-514-1678

JUNO BEACH FL.
561-630-6170

Hill Thompson Magid and Co., Inc.
JERSEY CITY, NJ
201-434-8100

JERSEY CITY, NJ
212-233-2200

NASDAQ TRADING
800-631-3083

ADR TRADING
800-879-9842

CANADIAN EQUITIES
866-235-7016

BANK STOCKS
866-291-6316

CHICAGO, IL
800-999-8073

CHICAGO, IL
312-372-3828

Maxim Group LLC
NEW YORK, NY
212-895-3680

800-261-0498

OTCBB
212-895-3874

FOREIGN TRADING
212-895-3897

INTL Trading, Inc.
ORLANDO FL
407-741-5399

800-541-1977

OTCBB DESK
800-327-5703

OTCBB DESK
407-741-5394

NEW YORK, NY
212-485-3545

Bear, Stearns & Co. Inc.
NEW YORK NY
212-272-4810

OTCBB/PINK SHEETS
212-272-4975

NASDAQ TRADING
800-247-7882

EMERGING MARKETS
212-272-9297

INTERNATIONAL
212-272-4580

ARBITRAGE
212-272-4506

PREFERRED
212-272-5104

PREFERRED
800-231-8892

CONVERTIBLES
212-272-4484

HIGH YIELD DEPT
212-272-5100

OTCBB/PINK SHEETS
212-272-4975

VFINANCE INVESTMENTS, INC
OTCBB/PINK SHEETS
800-487-0577

OTCBB/PINK SHEETS
561-981-1314

NEW JERSEY
908-782-4469

NEW YORK
908-782-4469

PHILADELPHIA
856-234-2900

PERSHING TRADING COMPANY, L.P.
JERSEY CITY NJ
201-413-3531

NASDAQ TRADING
800-305-0161

BULLETIN BOARD
201-413-2700

DEALER DESK
201-413-2465

866-880-9410

Fulcrum Global Partners LLC
OTCBB DESK
212-803-7046

OTCBB BROKER/DEALER
212-803-7070

CANADIAN/FOREIGN DSK
212-803-9026

Sterne Agee Capital Markets, Inc.
BOCA RATON, FL
561-368-8373

BOCA RATON, FL
800-930-3536

DEALER SALES, FRANK
800-979-4568

DOMESTIC SECURITIES, INC.
EDISON, NJ - OTC
732-661-0300

MONTVALE, NJ OTC
201-782-0009

MONTVALE, NJ HQ
201-782-0888

BILTMORE INTERNATIONAL CORPORATION
TRADING DESK
732-791-4000

ALTERNATE
732-287-6535

--------------------------------------------------

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.


These are MM signals.
100 > I need shares
200 > I need shares badly but dont take it down to get them.
300 > Take the price down to get shares....
400 > Trade it sideways based on Supply and Demand
500 > Gap one way or the other, usually to the direction of the 500 trade. Sometimes -if in the middle -keep the price right where it is.

--------------------
Invest with your brain not with your heart.

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Ric
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The .20 rule

I study patterns and trends. I use charts with fundamentals to try and figure where stocks can go. I have been on this board for nearly 2 years now and studied pennies in depth for more then 5 years. I have found some very interesting facts beside learning the hard way to never hold a penny long term. But one fact that I have found is stead fast. Now this rule does not apply to a stock that was over 20 cents and fell below 20 for some reason. This only applies to subpennies that finally break into the penny range and run.

Pennies rarely ever break .20 (fast run may go to .22 but rare). This has worked for so many of the so called pennies going somewhere. The pennies that longs claim will go to a dollar but never do. Like GZFX, TCFT, ONEV, HISC, and many more. When they were in there prime they all stopped before the magic number of .20. Not sure why but its true. This is a hard wall. There is soft walls at .002 and .02 also. They are easier to break but if you look at runs they seem to die right before these numbers.

But as for the hard wall of .20, I have only seen it broke twice since playing in this market. Not to say that it never happens and I didn't see it but it is real rare. And the only two times that I saw it happen was to reverse mergers.

Once one runs to .18 -.20, it seems to drop to .10-.12 and jump back to .18 a couple times before settling at .14. Then it will slowly over time sink back below .10. This pattern holds true. Just a heads up for those that think this will gap hard Monday and run. Trust me on this one but saying that Murphy's law will try and prove me wrong, lol.

--------------------
Invest with your brain not with your heart.

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T e x
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omg

I am not worthy...


lol, what a great post, Ric--should be copied and at everone's fingertips...

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Ric
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Pennies are all about volatility and trends. The only reason to look at a 6 month chart or longer is to see the overall trend of the stock. Is it going up, down, or staying the same with little bumps in the road. Look for peaks and valleys and do they happen on a regular basis. If so then look for a bottom and buy then sell at the top and wait for the next valley.

Never let people tell you after a run that it will run again. That rarely happens. Usually after a run it slowly drops back down. Never average down. Sell and buy back at bottom. Holding until bottom never makes you money, it only makes your loses harder to bare.

Longs in a penny stock want you in so they give you the pretty picture. They hope they can get enough new investors to make their stock move and it won't until the stock is ready. Learn to follow trends and how to find the bottom plays. Usually if a stock has more then a couple pages then the stocks has already done something and hope is what keeps the thread going of it moving again.

Be smart, think, learn, and research.

--------------------
Invest with your brain not with your heart.

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Ric
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LOL Buytex,

I learned from the best in here,

Dog
Lil
Reality (Diane) I don't know if anyone ever read her investment advise on penny stocks but it was my first real lessons I got and was great reading.
BigT on charts
Glassman
Bob
Clyde

and many many more

--------------------
Invest with your brain not with your heart.

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Ric
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But all kidding aside, I like Wallace's advice myself, lol.

--------------------
Invest with your brain not with your heart.

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T e x
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ya, that classic post from Diana--wooo hhooo (think she re-posted about...early June?)

together with your list? should be a "brochure"

you guys are tops in my book...and we're lucky to have you...each and everyone.

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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bgrance
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Thanks everybody for the advice. I do plan to study up a little before I invest, but just out of curiousity, what do you think of Qbid, my parents stockbroker said it could be a good buy.
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joe_schmoe
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NO...... Don't even think about touching that stock if you ever want to see profit.... Nothing in OTC is a good stock. There is a reason why they are still here and can not make it off. As I said get microcaptrade and play what's moving not what people say will move.
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T e x
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huge float/OS, larger controversy: lol, you coulda picked a *gillion* others (except CMKX) that woulda' drawn less controversy with a quicker payoff, imho. Qbid, *is* good for swings: again, see Ric's posts.

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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joe_schmoe
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What Ric posted will cause your eyes to cross. Nothing like getting your feet wet. Paper trading isn't the same as trading for real. I know people who made 10k on paper trading and lose 2k on there first trade. My advice find someone to take you under there wings and show you how the market works.. Join a live chat that should help...
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T e x
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MO? thought you were gonna play straight, lol

THIS IS EXACTKLY why i keep bouncing your newbie-cheating aliases...

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Ric
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I hope Diana doesn't get mad for me reposting this but here is a great ladies advise.

realityinc21

IT'S CONTROLED BY THE PSYCHOLOGICAL TRAPPINGS OF THE MARKET.

Stage 1 - Accumulation. Stock is quiet, trading sideways and without a lot of volatility. Most everyone ignores the stock because it has no sizzle. Insiders hold large blocks of stock and quietly gear up for the distribution.
Stage 2 - Breakout. Volume jumps up, psychological barriers are broken. Insiders begin to tell their friends of upcoming significant fundamental change. Pros take notice and buy the stock on the coat tails of the well informed. The public ignores it because they have not read about the company in the paper yet. It must be a scam.
Stage 3 - Uptrend. As a larger audience learns of the company and its promise, more buying comes in to the stock and it begins to climb. Pros begin to sell, but slowly. Average investor begins to buy.
Stage 4 - Pullback. The stock has gone up too fast, and some profit taking arrives. The jumpy investor who got the entry timing right but lacks confidence in his or her decision sells the stock with a small profit, and smiles in the mirror. The Pro holds on, Average Investor looks through the newspaper to find justification for ownership of the shares.
Stage 5 - Resumption of the Uptrend. The pull back is short lived, and the stock bounces and continues higher. The wannabe regrets the sell, but provides self counsel on the merit of making a profit, albeit a small one. The Pro might sell a little bit more, but still holds the majority of the original position. The Average Investor is getting excited now, and thinks about what could have been if only he had bought when he first noticed the stock.
Stage 6 - Exhaustion of the Uptrend. The media takes notice, and communicates the company's merits to the masses. The masses buy the stock, and it goes up sharply with strong volume. The Pros sell with enthusiasm. The Average Investor owns it now, and is telling everyone who will listen. The wannabe Pro jumps back on, after all, he was smart enough to buy it when the trend started, so he knows the stock well. Will hope make it go higher?
Stage 7 - Gravity Works. Pro selling begins to weigh on the uptrend, and the stock fails to go higher despite high volumes. The stock starts to go down instead of up, and the Pro is almost sold out. The Average Investor continues to cheer lead, hoping to rally support. The wannabe ignores what the market is telling him, taking a loss is too painful to consider. The company is featured on the cover of a magazine.
Stage 8 - The Second Guess. The stock bounces and starts to go back up. The wannabe Pro averages down while the Average Investor gets back to advising friends of his stock picking acumen. Pros sell their remaining holdings and begin to look for another deal to play, or perhaps start short selling the stock.
Stage 9 - Out of Gas. The bounce is a fake out, and the stock moves lower again. The public own this stock, and they have no more power to buy. The Pro are making money on the short sales now, but are despised by the masses. Calls for short selling to be made illegal are made by the Average Investor, after all, the short sellers are the demons causing the sell off.
Stage 10 - Dead Cat Bounce. The Average Investor and the wannabe Pro have no pain tolerance left, and finally sell for a big loss. The short selling Pros are the only buyers to take the share off their hands, and provide the needed liquidity. The stock bounces, and some short term traders make a quick profit. The Average Investor either swears to never buy a stock again, or tells lively stories over drinks about the one that could have been.
Stage 11 - Post Mortem. Pros have forgot about the stock and are considering carpet samples for their new home in Florida. Average Investor continues to follow the company and buys loads of cheap stock to try and overcome the regrettable loss.


The stock market is mean. You can be a good analyst, but if you can't overcome the psychological traps of trading, you will do what the crowd does. To be successful, you have be one step ahead of the crowd, and trade with unemotional discipline. There are strategies to take advantage of each stage of the market cycle that can be applied just by looking at a stock chart. They just require a bit of knowledge.


EVERYDAY FOR THE 30 DAYS READ THIS 10 TIMES A DAY.
ASK YOURSELF 10 TIMES A DAY "WHAT KIND OF TRADER AM I GOING TO BE??"
AM I GOING TO BE A CRYING WHINNING LITTLE BITCH OR AM I GOING TO SHAKE IT OFF??
AM I GOING TO BUY TO HIGH BECAUSE I DO NOT KNOW HOW TO READ A CHART OR AM I GOING TO F-ING LEARN HOW TO READ A CHART??
AM I GOING TO BE THE ENTERTAINMENT FOR THIS BOARD OR AM I GOING TO GO THE LIBRARY AND CHECK OUT ALL THE BOOKS THAT I CAN READ ON DAY TRADING AND INVESTING AND STOCK CHARTING.
AM I GOING TO LEARN HOW TO DO MY OWN DUE DILLIGENCE OR AM I GOING TO BUY ON THE RECOMENDATION OF PEOPLE FROM THIS BOARD??(IT IS PRETTY OBVIOUS THAT IS WHAT HAPPENED )THEY WERE GREAT RECOMENDATIONS BUT YOU WERE ABOUT 5 STEPS BEHIND. IT LOOKS LIKE BY THE TIME YOU WERE BUYING EVERYONE ELSE WAS SELLING.
AM I GOING TO TAKE THIS LAYING DOWN OR AM I GOING TO GET MY G--D D--M MONEY BACK.
NO ONE HERE CAN MAKE THOSE CHOICES FOR YOU!!
MAY SEEM LIKE I AM BEING A COLD HEARTED BITCH BUT THIS THE REAL WORLD BABY.
THE QUESTION YOU HAVE TO ADDRESS RIGHT THIS MINUTE IS..AM I GOING LEARN ON THE FLY OR AM I GOING TO BACK IT UP AND LEARN ABOUT WHAT THE F--K I AM DOING??
YOU DOVE IN HEAD FIRST NOW YOU HAVE TO LEARN HOW TO SWIM.
IF YOU ARE NOT WILLING TO LEARN HOW TO SWIM--BAIL AND TAKE YOUR LOSS. DAY TRADING IS TIME CONSUMING. I WOULD VENTURE TO SAY THAT MOST OF THE PEOPLE ON THIS BOARD SPEND 5 TO 10 HOURS A DAY RESEARCHING-CHARTING-READING SEC FILINGS-GOING OVER FINANCIALS--READING NEWS RELEASES--COMMUNICATING WITH OTHER TRADERS ON STRATAGIES--THEN FINALLY BUYING--THEN THE SAME PROCESS BEGINS FOR THE EXIT.
IT MAY NOT SEEM LIKE IT RIGHT NOW BUT I AM TRYING TO HELP YOU. AS WILL OTHERS ON THE BOARD. SUGAR COATING THE FACTS WILL NOT HELP YOU. YOU NEED A GOOD DOSE OF REALITY AND I JUST GAVE IT TO YOU!! IE REALITY INCORPORATED....
THE ONLY CONSOLATION THAT I CAN GIVE YOU IS: I HAVE BEEN IN YOUR SHOES. AFTER OVER 20 YEARS OF DEALING WITH THE MARKET I STILL WAS NOT PREPARED FOR THE DEPTH OF DAY TRADING. I LEARN NEW THINGS EVERYDAY AND MAKE MISTAKES EVERYDAY. AFTER 4 YEARS OF MAKING AT LEAST 5 TRADES A DAY I AM A NEWBIE JUST LIKE YOU. IT IS A PROCESS.
WELCOME TO DAY TRADING AND GOOD LUCK WITH YOUR CHOICES.


REALITY INCORPORATED


ESTABLISH A SET OF TRADING RULES THAT WORK FOR YOU. THESE ARE MY RULES. YOU HAVE A ADAPT YOUR OWN. MAYBE THIS WILL GIVE YOU SOME GUIDELINES TO GO BY.


MY PENNY STOCK RULES:

1. I never buy on impulse or get emotionally attached to a penny stock--think LOGIC--I buy it, I sell it, I make money and I rarely look back.
2. I never buy a stock JUST because I like it or worse someone else likes it.
3. I rarely buy a micro penny stock trading under a volume of 50,000 mil--80 to 100 mil is better (always remember there has to be buyer for every stock you buy)..
4. I rarely hold a micro penny stock over night...My definition of micro penny is under .10 cents ..Rarely over a weekend..NOTICE I SAID RARELY. THERE ARE SOME STOCKS THAT HAVE A BUILD UP AND IF THE VOLUME IS GOOD AND I FEEL CONFIDENT ABOUT MY DD I WILL HOLD IT FOR THE RUN. At $7.00 to $10.00 a trade I can buy and sell it every day on news or hype or earning whatever. .(THAT'S WHY IT'S CALLED DAYTRADING)
5. I never buy a penny stock on the way up. IE CHASING I watch the pre market trading and set a buy price and a sell price and stick to it (missed out on NEOM by sticking to my rules--I noticed it at .11 and refused to buy to high) UPSIDE IS I DO NOT HOLD 500,000 SHARES OF NEOM AT.43 CENTS---DOWNSIDE I DID NOT MAKE 50,000 DOLLARS. I DID MAKE A COUPLE OF GRAND BY PLAYING THE GAP AFTER THE RUN. IF YOU MISS THE RUN PLAY THE GAP. LIKE THE MAN SAID--THERE IS ANOTHER STOCK JUST WAITING TO BE BOUGHT.
6. I never think about GETTING RICH OR RETIRING on penny stocks..My goal is to make $200.00 a day and not lose my original investment. Most often I exceed my goal. (When I lose money it is usually because I have not followed my own rules)
7. I never ride a stock down--I will sell it and re-buy it. EXAMPLE: BOUGHT CTKH AT .002 AND .0022. SOLD HALF AT .0046. SOLD HALF OF THAT HALF AT .0069. IT STARTED GOING DOWN AND I BAILED OUT AT .006. BOUGHT AGAIN TODAY AT .0032. LOGIC-DO YOU ACTUALLY BELIEVE MUTUAL FUND MANAGERS WOULD HAVE HELD ONTO IBM IF IT DROPPED 50%?????--(WELL SOME WOULD) LOL I THINK NOT..RIDING A STOCK DOWN IS LIKE THROWING 50% OF YOUR MONEY OUT OF A CAR WINDOW AT 75 MILES AN HOUR AND HOPING IT FLIES BACK TO YOU. OR BETTER YET "IF YOU LOVE IT LET IT GO--IF IT LOVES YOU IT WILL COME BACK TO YOU". THATS BULL****--IF IT LOVED YOU IN THE FIRST PLACE IT NEVER WOULD HAVE LEFT.....I have actually bought and sold the same stock 3 times in one day. ATNG WAS A RECENT 3 TIME BUY AND SELL. BOUGHT AND SOLD IBZT 3 TIMES ONE DAY. (not usually but it does happen).
8. I never insult or bash another fellow trader..I respect other people's trading methods. I LEARN FROM THEM. What the hell--It's not my money.....( It's not like they are setting on third base at a black jack table and take a hit on 15 and the dealer has a 6 showing and I have $500.00 dollars riding on that hand). I DO LISTEN AND LEARN AND BENIFIT FROM THEM.
9. I never trade with MONEY that I am not willing to lose.
10. I follow the market and market trends (not just the stocks)
11. I never buy a stock without reviewing, analyzing and understanding the charts. I learned how to read charts and believe in them...They do not lie..I MAY NOT KNOW WHAT THEY MAKE OR PRODUCE OR SELL WHEN I BUY IT BUT I DO REVIEW THE CHARTS ON THE FLY AND PUT IN A BUY ORDER FOR SMALL AMOUNT TO GET IN THE DOOR. MOST TRADERS KNOW WHEN A RUN IS COMING AND HAVE ALREADY DONE THE DUE.
12. I never get gambling and investing confused. I INVEST IN REAL ESTATE...MY BUSINESS...SMALL,MEDIUM AND LARGE CAP STOCKS WITH A HISTORY-MANAGEMENT TEAM-FINANCIALS--ASSETS--CASH--ETC..30YEARS+ GROWTH AND INCOME MUTUAL FUNDS WITH 12% OVERALL GAIN IN GOOD AND BAD TIMES (THEY ARE PROFESSIONALS AND THAT IS THEIR JOB). I GAMBLE WITH PENNIES.. MY DEFINITION OF PENNIES IS ANYTHING UNDER $5.00.
13. I always take 50% of earning from each week and e-transfer into INTEREST BEARING TAX account. THEN I LEARNED HOW TO INVEST THAT MONEY IN REAL ESTATE TO MINIMIZE TAXES. INCORPORATE, PROTECT AND SHELTER.
14. I ALWAYS TAKE MY ORIGINAL INVESTMENT OUT OF THE EQUATION WHEN IT IS FEASIBLE TO MAKE ENOUGH MONEY ON THE TRADE TO MAKE IT WORTHWHILE .IE..WHEN THE STOCK IS ON A RUN UP SELL PORTIONS AT AT TIME TO RECOUP ORIGINAL INVESTMENT. IF IT IS A STOCK I PLAN TO KEEP LIKE TFSM--I BOUGHT AT 1.06. AT 2.12 I WILL SELL HALF AND RECOUP INVESTMENT AND KEEP 5000 SHARES FOR FREE. HOPEFULLY THAT WILL BE THIS WEEK.
15. I ALWAYS HAVE FUN......ACTUALLY I HAVE A BLAST....
16. I LEARN SOMETHING NEW EVERYDAY...
17. I CAN'T SPELL, TYPE WELL OR USE PROPER GRAMMAR--AND I SWEAR LIKE A SAILOR..BUT IF YOU PUT A DOLLAR SIGN IN FRONT OF IT---I WILL FIGURE IT OUT.......THAT CERTAINLY DOES NOT MAKE ME STUPID..IT MAKES ME SMART BY RECOGNIZING MY LIMITATIONS. LEARN YOURS.
18. I ALWAYS MAKE MY OWN DECISIONS AND TAKE ALL RESPONSIBILITY FOR MY ACTIONS.
19. I LAUGH EVERYDAY..MOSTLY AT MYSELF AND SOMETIMES AT OTHERS...
20. LAST AND MOST IMPORTANT--THE MARKET HAS A RHYTHM--EACH STOCK HAS A RHYTHM--LIKE GREAT SEX--A RHYTHM..FIGURE OUT YOUR OWN RHYTHM WITH THE MARKET AND DUE YOUR OWN D.D.. LEARN THE RYTHEM OF THE CHARTS. IT IS CALLED "HARD WORK". THE REST WILL FOLLOW. TAKE THE TIME TO PASS ON YOUR GOOD FORTUNE TO OTHERS. WHAT GOES AROUND COMES AROUND AND YOU CAN TAKE THAT TO THE BANK.

--------------------
Invest with your brain not with your heart.

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bgrance
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Wow, thanks again.
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Treemoney
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One thing is if you paper trade pennies. Make sure you see what the spread is between the bid and the ask. It can look like your making big bucks on paper but in reality your order or sell wouldnt even get filled.
I like to trade nasdak or nyse stocks. Some penny stocks are scams and give misinformation. What has worked decent for me so far is this. I use the Investors buisness daily website and use the canslim stock selection. They have a free three week trail. These are all the stocks with the best volume, earnings, best industry ect...It would take many hours for you to find a stock as good as these meeting all the criteria. Or you can buy an IBD and do it yourself by checking the stock ratings. Find the ones that have a consistant uptrend and obvious support and resistance and single them out. A stable uptrend but there are things you should know, like it the uptrend gets to steep all of the sudden it may not be a good buy at that point. Then draw support and resistance lines and find out the support. When the stock falls to its support buy it. You can set really tight stop losses like this because the stock shouldnt go much further down than its support. If it does than it may be a trend reversal so you would want to sell it anyways. Also always be aware of the news for your stock and what it means. Also if the market is bearish you can reverse your strategy and go short. Find bad companies that are continually downtrending and sell short and buy at a lower price. You need a margin account for this though. You probably wont averege much more than 10-15 percent a month like this but by the time your 20 you would have a lot of money. If you study and read a lot of books on trading and watch stocks during market hours to see how they act, you could make a higher percentage trading. I wouldnt recomend it untill you have more money though. Because your commissions would take to high a percentage of your profits.

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chronic1342
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When getting into something new you should always read up on it, if you are looking for a list of penny stock books and definitions just click the links below.

Penny stock Books: http://tinyurl.com/bymyn
Stock Definitions: http://tinyurl.com/7gvhj

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NeuroDoctor
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I usually try and avoid companies that are registered in Nevada and operating elsewhere.

Google searches on key players in the company will usually provide interesting angles.....

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jellybean
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Good luck in the stock market. You need to read a random walk down Wall street. I learn a lot from this book. Just get a list of 1000 different stocks. Throw some darts at it to pick your 10 stocks. Invest the same amount of money per month in these stocks. In your case maybe per year. Once the stock shows a gain of 6%-10% sell it. Use the money to invest in another stock. Invest don"t speculate you will do great over the long term. Always buy low sell high. A cheap stock that will fly next week is the Blackhawk Fund Symbol is BHWK. You will be suprise on its gains. Good luck.
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T e x
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lol, in my hometown paper? They have a longhorn steer named Rusty that's a "stock picker." They put ticker symbols in his pen, and those he "unloads" on, are his pick. Right now? Beating the market, and several "experts."

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Spartans
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BuyTex...
Damn funny bro...Steer named Rusty...hahaha
Still laughing my arse off...Oy Vey?

Posts: 2660 | From: Pennyland USA | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
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