posted
I thought it might be fun, as the year comes to a close for us to reflect on our greatest successes and our biggest mistakes of 2007.
My greatest successes were:
1. Getting into FRPT when it was $2.17 and buying and selling more on the way up to its current price of $17.40.
2. Learning from many of you that the smart thing to do is to get out of a stock with a small loss rather than ride it all the way down to next to nothing!
3. Buying EXPE just before earnings were announced and a subsequent share buyback announcment.
4. Learning to take small profits and not get greedy.
As for biggest mistakes, I have made a LOT of mistakes, so I'll list the top 5:
1. Reinvesting all my FHAL/CSHD profits back into CSHD! (but at least I protected my capital)
2. Selling Goodyear for a loss the day the strike was announced. It is now up over 45% since my sell price.
3. Buying SLJB!
4. Not selling STTK when I was up 128% and again not selling it ever on the way down to when I finally sold it for a 75% loss.
5. Having too many penny stocks in my portfolio at one time.
Anyone else care to share?
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
IP: Logged |
posted
Might as well add my 2 cents. lol. My 2 best moves were buying into usxp at the end of last year at the bottom, .0005. I sold early but made some cash. I also got into ndol at .25 and out at 1.42. I was very happy about that one.
My biggest loss was paim. I got out before the run. I still made a 25% gain this year in my portfolio, which beat out the dow and gold, (didnt beat silver though lol) so overall I am happy. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
IP: Logged |
quote:Originally posted by Jo4321: I thought it might be fun, as the year comes to a close for us to reflect on our greatest successes and our biggest mistakes of 2007.
My greatest successes were:
1. Getting into FRPT when it was $2.17 and buying and selling more on the way up to its current price of $17.40.
2. Learning from many of you that the smart thing to do is to get out of a stock with a small loss rather than ride it all the way down to next to nothing!
3. Buying EXPE just before earnings were announced and a subsequent share buyback announcment.
4. Learning to take small profits and not get greedy.
As for biggest mistakes, I have made a LOT of mistakes, so I'll list the top 5:
1. Reinvesting all my FHAL/CSHD profits back into CSHD! (but at least I protected my capital)
2. Selling Goodyear for a loss the day the strike was announced. It is now up over 45% since my sell price.
3. Buying SLJB!
4. Not selling STTK when I was up 128% and again not selling it ever on the way down to when I finally sold it for a 75% loss.
5. Having too many penny stocks in my portfolio at one time.
Anyone else care to share?
Jo
I like #2 under successes...
-------------------- Let the world change you... And you can change the world.
posted
My biggest mistake was not knowing a thing about stocks and blindly jumping in on posts I read. My biggest success was finally deciding to change that and learn charts. Still learning and finally feel good about a profit I made on my own pick, doing my own chart analysis. If I can just keep that up I may just get back to where I was when I started. Many thanks to the guys in here who gave me advice, Happy New year
IP: Logged |
posted
My smartest move was selling half my AWYB shares when I hit a double.
My dumbest move was believing the hype back in May when I first discovered stock chat sites. I plowed everything into the hot stocks and spent Memorial Day weekend dreaming about what I was going to do with all the money. Come Tuesday, every one of them tanked and I spent the rest of the summer trying to recover (I should have just sold and started over, but instead I waited...and waited).
In my 10 months of trading, I don't think I've ever made money on a stock I held for more than a few days. My top five performers ALL got their gains in a few hours.
-------------------- Me Trade Pretty One Day.
IP: Logged |
posted
Kermit...Since Microcaptrade.com started covering NASDAQ $5 Stocks, have you tried trading those.
The last month or so, the top 2 or 3 stocks up premarket in the top 400 from news, go up at least 10% right out the gate.
And the good thing is you can place a market order for $10,000 or $20,000 right before the market opens, and the order goes through instantly. Penny stocks you have to place limits and wait for them to fill. And you can sell are you shares fast too, with out worry of the order not filling fast enough.
You can make even more if you get in Premarket early on good news on the cheap NASDAQ'S
start checking out the Nasdaq top 400 in microcaptrade at 8:00 am, at the top of the top 400 you can uncheck the pink sheet and otc boxes so you just see the nasdaq stocks. Sort them by most trades, and thats how you will know what will move at open.
And one of the best pre-market and after hours site is Midnight trader
posted
your #5, don't play too many pennies at one time. Pick 3 or 4 STABLE pennies, unless of course you find a good flipper. Also learned that most all the stocks mentioned in the under 10 cents, only 1 in 20 are worth considering. The other 19 are a waste of time. Also learned to average down on stocks that fall 20 0r 30 % and that you know will soon rise back up to above your initial position. But must be a stock with vol/good money flow. NOT like HOGC which only trades 300,000 shares X .025 cents = $6K/day. Very difficult to pull profits from this one UNLESS you have super vol. Which is a very risky venture. Things like this I learned.
-------------------- Do not invest on any of my suggestions
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
