posted
As my siggy line suggests, I am currently trying to come up from the ashes to rise above my losses. I've been getting a lot of help from many of you over in another thread.
Seems there are lots of others like me. I thought maybe this could be a thread where we encourage and support each other as we climb out of the red! It could be our Weight Watchers of trading where we can report our progress. Share only as much as you wish to share, you don't have to get too detailed if you do not want to.
I'll go up in front of the room first. I'm Jo and I'm a trade-aholic. It's been 2 days since my last trade.
Friday, my portfolio was down over $3100, due to unrealized losses of $7558.
Today, thanks to a jump in price in FRPT, FHAL and GSPG, my unrealized losses are $6904 and my total losses are now -$2486 or -9.82% of my total portfolio.
Total gain today: $654
I hope to gain at least another percentage point before the end of the month...small gains at a time.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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My best plays today were FHAL 800 shares at .67 sold at .88 for a 31% gain
I also sold some FMLY for .008 taking a huge loss from where I bought it at .021, but I think this one is going to go even lower since they are diluting.
I made a risky move late today, by getting back into FHAL at $1.04, so we'll just have to see how that plays out.
The other gains are all unrealized, and mostly due to gains in my big board stocks EBAY, JLG, JSDA and GT.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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Made some money (30%) selling FHAL and sold off a position in GSPG for only the loss of the commission. However, over in the big board stocks, my losses hurt my progress:
posted
Oh my, kind of embarrassing to list all my positions. They list like a who's who of penny scams and bad choices. Thing is some of these COULD have been good (NDOL, STTK, WFGL) if I would have been playing then how I am playing now and getting out with profits.
So, if it will help any fellow losers, here is what I currently hold: Currently only two are green (JSDA, FRPT)
posted
WOO HOO! One of my stocks went up 300% today!
BOO HOO! It was one I was previously down 79%, so I pretty much just broke even and got the heck out of it. It was IMJX, that I previously bought for .0024, it sank to .0007 as of yesterday, but I got out at .0027. Made 20 bucks, but more importantly improved my portfolio a bit, since that loss is no longer in there.
Prior deficit: $2279 (-8.94%) Current deficit: 2010 (-7.89)
What will Monday bring?
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
Today I am feeling that I can see a light at the end of the tunnel. My big board stocks were all in the green which helped my overall portfolio, FRPT was up .21 and since that is my biggest position, that also helped. I also flipped FHAL again for a $220.00 profit. Put some of those profits back in, but overall, things are looking up.
Here's the skinny:
Deficit as of Friday: $2010 (-7.89%) Deficit today: $1,091.13 (-4.28%) Improvement $919.99 and up 3% since Friday
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
Continued improvement today, although I'm not sure how long some of these gains will hold so I'm not getting too excited yet.
Big gains in FRPT today, and a couple of my other big boards. I threw a hundred bucks in WWEN, which doubled, but I'm still in there. I have my FHAL profits riding and there was a bit of trouble with that today. Tommorrow could see those profits gone!
But for today a good report Yesterday: Down $1,091.13 (-4.28%) Today: Down $593.47 (-2.33%)
JO
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
My only position, as I started just recently, is CLBE. I sold PAIV before any real gain, so I am apt to try and hang onto CLBE, but I am down 300 dollars, which is small for you guys, but its a large enough loss in my ratio to become an issue. Hoping for the best.
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posted
Here's some advice... cut down on your penny portfolio... way too big... concentrate more on the big board stocks... you will turn your portfolio around more likely that way... your holding 22 pennies and only 5 big boards... why not try it the other way around? ... 22 pennies is waaayyyy too much... cut your losses on the majority of them and start looking for big boards to swing/position trade....
-------------------- Let the world change you... And you can change the world.
posted
Thanks, Machiavelli. I realize that having so many positions is a problem. The reason I have ended up with so many penny stocks is that, I began having losses and so I tried to grab "big runners" in order to make up for those losses, until I had way too many positions to keep track of. I was only throwing small amounts in them, but when you add them all together, it equaled big losses.
Now I am trying to consolidate and get out of some of them without too much of a loss. Since I've started this process about two weeks ago, I've already closed out PBLS, RMDG, GSPG,FMLY and IMJX. Many of the others are in so much red, it isn't worth closing them out at this time, so those are just sitting there for now and if they ever get past the break even point, I will sell them off.
Insuranceman, any loss is worth trying to get out of. I started out with small losses at first $100 here $300 there, and then, as I wrote above tried to dig myself out by throwing money into scams and I got further in the hole. You see my numbers up there and they don't look too bad now, but I was down over $3,000 just a couple of weeks ago. And I feel like you sometimes, that that loss is probably chump change to some folks. My unrealized losses right now are $6300!, but with my gains from things I've sold, I am only really down the $500 or so now.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
Oops forgot todays update (I don't know if anyone is actually reading this but at least it helps me to journal it and stay on track).
Today 1/2 of my FHAL profits were riding, but when I heard that Stock Le mon was featuring them on their site, I sold them off for a 25% loss. Not too bad, cause I still have most of my profits and all of my capital. However, I hope it doesn't end up being a bad decision to sell, if it goes way up. I'm still looking at another possible play in FHAL, but it would just be a gamble.
With a great day in FRPT which reached record highs, but not so great days in a whole lot of other stocks, my portfolio looks about the same as yesterday with a tiny improvement.
I'm hoping to gain some ground tommorrow by taking profits in WWEN. But, I hold VWMK which is going through a reverse split, so I'm pretty sure I'm going be down more than up tommorrow.
Anyone want to get in on the "date that Jo goes green poll"? LOL
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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quote:Originally posted by Jo4321: Many of the others are in so much red, it isn't worth closing them out at this time, so those are just sitting there for now and if they ever get past the break even point, I will sell them off.
Precisely the point of cutting your losses. They are in the red and will probably never come out of it or go down even further. You need to admit you were wrong on those trades , sell them off to cut your losses and move on. Keeping such stock losers to make up some of your losses does not make any financial sense because you cannot predict with certainty they will go back up. It is better to just take your losses and move on and like i suggested trade in big board stocks in the $20 to $60 range. Don't make a bad situation worst. I'm certain other board members feel the same way as i do about your situation.
-------------------- Let the world change you... And you can change the world.
posted
Well, I guess what I mean is that since they have so little money left in them, it isn't even worth selling. Remember I said I put small amounts in them? Anywhere from $200-500. So now some of them have $50.00 - 100 left.
Your advice is sound, though. And, I HAVE been selling the losers for a loss that have reasonable cash in them. I sold FMLY for a 20% loss, but at least it had $200.00 in it.
And ya never know. I was down 79% in IMJX and it jumped up 300% last week. I was able to sell it and not only break even, but I made 20 bucks.LOL.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
Darn made some bad decisions on my "small gains at a time plan". I should have sold WWEN when it doubled, but did not. But for the most part today was uneventful, although several of my holdings went down causing me to be be down more overall
posted
Jo, WWEN very risky stock. i wish i had reloaded it at 0.05, the next time it gets there, I shall. The stock moves so fast that it is almost impossible to get out when it is being dumped. I was in it in last ride at 0.09, and rode it all the way to 0.4, never sold at right time, the stock ran all the way down to 0.28, when i got out and within the next week, it stood at a good 0.1. thats loss of almost 500% within a week?? ..
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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quote:you are not "up" some huge gazillion position...
therefore, you can't trade as though you are.
Tex, Not sure what you meant by this.
I'm looking at percentages, not dollar amounts. I know I need to take smaller percentage gains, and for the most part I have been doing that over the past two weeks. It's just with WWEN yesterday that I did not. And that is what I meant when I said that is usually when I lose money.
And, Ruskin, thanks for the heads up on your past experience.
Jo
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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quote:you are not "up" some huge gazillion position...
therefore, you can't trade as though you are.
Tex, Not sure what you meant by this.
I'm looking at percentages, not dollar amounts. I know I need to take smaller percentage gains, and for the most part I have been doing that over the past two weeks. It's just with WWEN yesterday that I did not. And that is what I meant when I said that is usually when I lose money.
And, Ruskin, thanks for the heads up on your past experience.
Jo
Jo
JO,
If you're up a million $$$, you can trade one way...
If you're down? ya gotta be more careful. Simple as that...
Don't believe me?
lol, throw a grand at every play that "interests" you tomorrow...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
Not a good week. My main holding, FRPT, has had some down days, coupled with a few other bad choices and I am having a major setback in meeting my goal.
Last week's deficit: 763.24 (-2.99%) This week: ($1,291.51) -5.06%
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
Learn technical analysis, limit your losses (admit when you are wrong on a particular trade, take your losses and move on to another stock), do not buy on tips or pumps on stock boards because those pumpers are looking to dump once you buy and drive the price up a little,do your own DD (if you don't then you have no one to blame but yourself) etc.
Also one rule you should follow is never put all your bankroll in pennystocks... spread it around between pennystocks and big board stocks... putting most in big boards... yes you can trade instead of invest in Big Board stocks... if you haven't really read any books on trading then start with these two books:
A Beginner's Guide to Short Term Trading by Toni Turner www.toniturner.com
How I made $2,000,000 in the Stock Market by Nicolas Darvas
-------------------- Let the world change you... And you can change the world.
posted
Just wanted to say I like this thread. Similar to my rookie trading results. I to am working my way back but need to start taking profits. Have turned some winners into big time losers. I hate to say it but a healthy hurricane season will most likely change things. I am trying to transition to the big boards like many have suggested. I currently hold these pennies xkem bkmp fgfc adnl nlst ecci nmcx
I am learning a lot from the people on this board. Thanks
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posted
Jo, FRPT has been displaying some behavior which I cannot fathom. do you understand the pattern? typically, after PR, the stock does great and moves up 15-20% within 3-4 days. It did close green today, but not as much as I had expected it to close at. too much of selling today at 6.25 unfortunately.. and I seriously hope it wasnt the institutional investors to whom FRPT gave shares at $5. I shall look for close above 6.3 tomorrow hopefully.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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posted
Billis, cannot help with any suggestions on your holdings.. primarily because of 2 things. a) I dont think given a choice, I would hold any of those stocks, since it will become a little too difficult to get out of the stock when I want to sell. b) I am not sure if the companies are in for some legit business.
but I hope you have dopne your DD. hold them if you feel comfortable, and one day or the other, they have to run.. unless the management decides to do R/S.. you should not lose significant amount with your plays!
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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posted
32.. here is my take on your holdings FWIW..
xkem: might trade sideways for some time now.. or actually slowly start dropping.. unless some financial numbers are released.
bkmp: no clue about the stock. I thought it was a typical pump and dump by groups, but looks like the management has been following up with some decent PR's.
FGFC: back to 0.0125 .. well, it might just stay sideways for some time..
adnl: pump by groups and then sudden dump.. I think dragonfly of ihub was behind this.. see if he still holds this.. if he doesnt, then you might want to leave it alone and take loss to get out.. but thats just my opinion!
nlst: seasonal play.. shall go up with every hurricane IMO.. pick your entry and exit points cautionsly.
ecci: shakerz play. so be a little careful.. play it only if you like the company fundamentals.. charts look decent thoguh!
nmcx: chart looks decent with slight uptrend since mid july.. might be a decent hold.
the key is not to get into P&D players hands, but instead select companies based on their fundamentals.
Let me know if you have more questions!
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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posted
Ruskin, thanks for the reply. I have heard people talk about shakerzz, Who is that? I think you might be right on ADNL. Looks like some dilution is going on. They actually have a product and it makes sense but the stock is not performing well. Management has some experience in the industry.
To be honest other than a few plays I foumd most of these stocks by reading threads here, then chased them when they were running. Not a good idea. Thanks again
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posted
I thought about doing the same, Ruskin, but I did not. I have about 1/2 that I got in the 2.17 range, so that's still green, but I bought additional shares in the mid-five dollar range and the mid six-dollar range. So I decided to just ride it out.
I find it hard to believe that this would be the private placement shares being sold off. That wouldn't have been a very big gain.
My phoenix plan is doing worse each day. I haven't been able to take small profits in any of my holdings since last week, when I sold EPEA and made just $50.00! I haven't even checked my spreadsheet today to update my numbers cause I have a feeling with the FRPT decline I am probably right back where I started at the beginning of this thread.
Why oh why couldn't I JUST once stumble into a stock that has one of those crazy runs instead of immediately going down when I buy?
How are you doing 32Counter?
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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.. well, it might just stay sideways for some time.. 
