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Forget the pennies! Its big boards time! $370 to ????? Experiment! - Page 10

post #181 of 219
8/11/07 at 4:34pm
Thread Starter 
Quote:
Originally Posted by Spectre View Post
You lost it all again? I thought you were just holding bags on WNSH "from 3rd attempt" and PEDG "from 4th attempt."

Honestly Ace, take some time off.

The definition of insanity is trying the same thing over and over again expecting different results.

You got lucky on a couple trades, but all in all, you need to take the time to learn how to trade.

You need to learn Charts. And learn how to do DD. Learn how to play momentum stocks "sorry, but for the most part, you really don't." You need to learn patience. You need to learn entry and exit strategies. You need to learn a whole lot.

Most of all, you need to learn two things.

Patience and that you can't be in every runner. You always get mad when the stock you are holding is down 3% and something else is up 200% that day, then sell your stock at a loss, buy the other HOD, then lose on that.

That is a very bad habit.

All traders take time off to clear their head and get their stuff together. Its the best thing you can do. Paper trader, and learn.

Best,
Spec
Spec

I sitll have WNSH and PEDG


If those go up ill have some money.
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post #182 of 219
8/11/07 at 10:37pm
Very well said Spectre, Jess follow those recommendations and you should be ok in the future. Take what little money you can out and save it for the future. In the mean time educate yourself, read everything you can get your hands on, stay away from penny stocks; the temptation of big gains may be hard to control but its very, very hard to recover from the hard losses you get from them. Its much easier (most of the time) to control entry an exit points with big board stocks. Research the heck out of every investment you consider and once you think you know enough about the company research some more, use Technical Analysis to find entry and exit points, always buy at support and sell at resistance, and never chase a stock on the way up, if you like the company buy it on pullbacks. Feel free to ask questions, even if you think you know it its always good to have a second prespective on a trade. HSM seems like a great place to start.

Best of luck to you,
Sincerely
Consilium.
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post #183 of 219
8/30/07 at 9:23pm
Thread Starter 
OK starting over. This time with 39$ yep you heard me 39$. With what is that.........7$ commisions..............yes so accually my first trade will be for 32$.

Im I crazy.........Hell No.........This is what I do!
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post #184 of 219
8/30/07 at 9:43pm
Thread Starter 
Well im ready to make this happen!
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post #185 of 219
8/30/07 at 11:27pm
LOL! I've seen 30.00 turn into several hundred on pennies in one day. All it takes is one good roll!

GL and keep us posted!
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post #186 of 219
8/31/07 at 1:13am
Take your time on this one, HotStockAce. Good luck :]
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post #187 of 219
8/31/07 at 1:48am
With that little of funds, you'd definitely be better off with a Zecco account--I think they got rid of their minimums?
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post #188 of 219
8/31/07 at 2:11am
ya use zecco, no minimums and 0$ for 10 trades max a day, and 40 max a month
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post #189 of 219
8/31/07 at 3:42am
Thread Starter 
yep, thanks guys, will be swiching to zecco or sombody else soon.


Yes I will update everyday. But tomarrow is the most important if i buys somthing. Thanks!
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post #190 of 219
8/31/07 at 8:46pm
Thread Starter 
UPDATE

Bought 825 shares of TMLL at .04 Closed at .04 so im even
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post #191 of 219
8/31/07 at 8:51pm
Quote:
Originally Posted by HotStockAce View Post
UPDATE

Bought 825 shares of TMLL at .04 Closed at .04 so im even
Is that with a 7.00 commish?
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post #192 of 219
8/31/07 at 8:52pm
Thread Starter 
Quote:
Originally Posted by StockDog View Post
Is that with a 7.00 commish?
Yes
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post #193 of 219
8/31/07 at 10:47pm
I think he is asking because $39 - $7 in commission = $32 worth of stock at .04, which would be 800 shares. So I think he is wondering where the other 25 shares came from, unless you had an extra $1 in your account.

-Spec
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post #194 of 219
9/1/07 at 1:37am
Thread Starter 
Quote:
Originally Posted by Spectre View Post
I think he is asking because $39 - $7 in commission = $32 worth of stock at .04, which would be 800 shares. So I think he is wondering where the other 25 shares came from, unless you had an extra $1 in your account.

-Spec
I think I had extra .50 lol
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post #195 of 219
9/5/07 at 12:57am
Thread Starter 
UPDATE

Up to 41$ with TMLL Started with 33$ Have 825 shares of TMLL!
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post #196 of 219
9/12/07 at 2:02am
Thread Starter 
Update

Bought 10$ worth of SWVC at .022 and still holding

471 shares that is
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post #197 of 219
9/12/07 at 2:29am
Quote:
Originally Posted by HotStockAce View Post
Update

Bought 10$ worth of SWVC at .022 and still holding

471 shares that is
If you're paying commission on that, you are basically throwing that money away. I hope you have a Zecco account.
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post #198 of 219
9/12/07 at 2:33am
Man....this is why I have shunned off penny plays. I follow this thread up to "I'm up to $450" then I skip to the end and practically in the red. Yikes!
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post #199 of 219
9/12/07 at 2:43am
Thread Starter 
Quote:
Originally Posted by simonyadig View Post
If you're paying commission on that, you are basically throwing that money away. I hope you have a Zecco account.
Nope

7$ commisions. Thats why i wont sell it for anything less then .10 a share
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post #200 of 219
9/13/07 at 2:38am
Thread Starter 
UPDATE

Still have 471 shares of SWVC
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HotStockMarket › Forums › HSM Stock Forum › Trade Journals & Stock Tips › Forget the pennies! Its big boards time! $370 to ????? Experiment!