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Re: Sportsjunkie post# 130

Monday, 06/18/2001 8:36:06 PM

Monday, June 18, 2001 8:36:06 PM

Post# of 21187
SOME OF MY THOUGHTS TOWARDS INTERNET CHAT BOARD POSTING

PUMPING...everyone that post on the internet is
trying to get more from there investment..
WHAT AN ORIGINAL THOUGHT..
the only difference among pumpers is the integrity
in which one tries to make there point or tries
to get others to make money on the stock...when i post i
believe there is a window of opportunity for investors to make money on still after i bought..
NO,every stock i mention does not make money for me
so how can it for everyone else..
investing is for educated players,if it was easy
everyone would be doing it..so the first rule of
thumb before investing is not to point fingers on others,
but having a market knowledge to read trends,ability
to read a level 2 screen and having hunch and common sense..
WHERE AN EDUCATED CONSUMER IS OUR BEST CUSTOMER......

minimise loses-defintion...if you buy a stock at .21
cents and stock is at .20 x .21
at .18 no matter what you sell...PERIOD.........
maximise gains...
(if you buy 15k shares...minimum because i have said all along you cant make money unless you have money to spend at the same time this 3k can not be more than 10 percent of your portfolio...so ideally if you dont have 30k in your funds you lower your cost,but if you dont have 10k to start,than desperation is sure to show you the door quickly..OKAY BACK TO ORIGINAL POINT FOR CHRIST SAKES)
if stock hits .25 cents sell 5k shares,if stock hits .28 cents sell another 5k..than you have 5k for you to decide when too exit with less risk and less cost average and availibility to watch other stocks with less pressure...
no,every stock is not going to be a home run and every dollar is not going to see it...
i have had days where i made investments in 10 stocks and only bought 3 movers and have 7 duds and made 1500 dollars that day cause i only lost 300 dollars each on the bad ones and made 1200 dollars each on the 3 good ones...this is not college football where the only way you can win a national championship is by going undefeated,and you do not get a medal for going 10 for 10...your pride and ego is the only thing that seperates you from making money and becoming a long term investor in a pos sinking...
so for as much as i mess around as having a big ego,when it comes to trading i do not have that problem and have no problem finding the door on losers...
there are always another train leaving the station and another day,if you stay sinking in pos stocks than you take yourself out of the game,i or anyone else that gave you a tip did not do that to you...
WE GIVE TIPS,NOT TEACH YOU HOW TO TRADE...
THERE IS AN INCREDIBLE DIFFERENCE...

trading techniques lead to bad trading and bigger losses more than bad tips...
chasing
failure for stop losses
greed for failure to take profit


in my theory it takes 10 consecutive bad trades to loss 3k dollars,in most it could take just 1...maybe instead of blaming others for bad stocks,you should blame yourself for becoming a skilled investor who learns how to trade properly..people think i exaggerate on making money everyday and having a goal of a certain dollar value...
it is not reached my finding 10 winners,it is found my playing the percentages and making myself available to the market to have many opportunities during the day to play a lot of stocks for a lot of different reasons..


i am still working on my new disclaimer...i will admit i can not compete with wayne rumball's,it is fantastic and to the point...
WARNING-MY POST ARE SOLEY FOR THE PURPOSE OF AN EDUCATED INVESTOR,THEY ARE NOT TO BE READ BY A NEWBIE LOOKING FOR THE NEXT MICROSOFT... i bought my stocks and will dump if it goes sour,i am not the lord or have tomorrow's paper right now to guarantee that the stock price will go up,i can only hope you know anything about the market and have gut instincts to know when to hold them and when to fold them...
to be trading in the first place







[chart]www.profile.ak.facebook.com/v229/1511/20/n1271503258_594.jpg[chart]
Disclaimer-i buy stocks on the advice of my lucky eight ball,please seek the advice of your owns balls before buying anything ....

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