3SOF

I'm giving some room for any normal volatility on this stock, but yes, I can make a little comment about it during the session.

best regards,

Great!
Really appreciate any feedback you would kindly share.
I put in a sell price at .025...not sure if that's to do modest or to hopeful at this point.

thanks very much,

julia

Julia,

I want to give an important advice concerning penny stocks.
Pennies are really volatile and dangerous instruments... You should only put little amounts of your total equity on them, and I mean money that would make no difference to loss if things go wrong.
It's impossible to trade pennies with success, if you are very nervous when doing it.

Best regards,

Quote from: Ramsburg on June 24, 2005, 11:21:13 AM


I want to give an important advice concerning penny stocks.
Pennies are really volatile and dangerous instruments... You should only put little amounts of your total equity on them, and I mean money that would make no difference to loss if things go wrong.
It's impossible to trade pennies with success, if you are very nervous when doing it.

Yes, I understand what u are saying...and you are probably very, very right. To tell u the truth, i can't afford any losses, but, my strategy is to buy a large quantity (large for me that is) so that I can sell quickly with minor movements to make a small profit. Sometimes that has worked for me...and many times my greed caused my down fall..hanging on too long or buying more to average down.  That causes a big problem, as when a stock is diving down..your loss only gets larger.

But, I am trying to recover some of my losses with quick moving stocks..i just want to get in and get out during the day...I just need some quick recovery.

I greatly appreciate your advice and will try to limit myself...risk management is still something i have to learn.

Well, at least ARET is above the .02 mark u were hoping for.  Things are looking good! Right?

thanks very much Frederick,

julia

Is the market generally slow on Fridays, appears so.

Is anyone still hodling onto ARET? Think monday it will pick up if not this afternoon?

Bought it at .02 this morning...has it already lost its momentum...or is their .03 in the near future?

I'm not sure what's going on here...yesterday it was all uphill, today...barely moving.

julia

Friday is generally always a slow day in the market, most people hold off to see how the market is going to finish off for the week.   Don't worry, normal.  I am still holding my shares.

Julia,

Today was a horrible day for me, I am down 10% in my overall portfolio.   

I bought Aret this morning at it's high, and sold it in it's valley at $.017 
I just bought back in again at $.0189 and going to hold now.

But I got really knocked down today (because I panic sold twice)

Had I just held and not watched the stocks, I would have saved myself a lot of money.

I'm also holding my shares, and trying to follow my plan (sell half of my position @ 0.03).

This profit taking is normal, and being a friday today, it's just like saffey said...

Not a very nice day for stocks

But you're right....sometimes it's best to just walk away from the computer for a while.

I'm "only" down 6%

Think I'll take a walk in the garden and smell the roses!

Cheers.

Hi Saffeysite and Loffigus,

ok, well u are both reassuring me to hold on, i have sold many times in panic at a loss...and then moments later, or then next day or two later, dramatically went up.

So, i will heed ur advice with appreciation and see what monday brings if today is uneventful.

Oh and Loffigus...yesterday u told me not to panic on ephy and hold onto it a bit longer so that i wouldn't sell at a loss....AND THANKS TO UR ADVICE AND CALM MY PANIC...I DID!!!
I didn't make too much of a profit..but it was a profit!! and not a loss!!! Which was happening alot lately.

So, just wanted to thank you very much!!!!
Applause!!!

Good luck to everyone!!

julia

You'll make it up on Monday.  Stocks almost always take a dip midday.  people go to lunch. plus people on the west coast don't start to get back to the market till about 3:00.  That's why you always see a surge in volume after that time.  If you like a stock, be patient let it come to you.  Don't buy when its starting to just heat up.  Usually if you wait till about $1:30-2:30 Eastern time , you get a better entry price.  Never chase it going up.  I learned that one.  If it's past %5 of your entry point, hold off.  Like with BLYC today. it's flying.  I didn't buy it, because I saw the info to late.  I missed where everyone got in.  It's hard not to want to buy what everyones else is in.  But they'll be another BLYC, waiting.

good luck

Thanks for the encouragment.

I am very depressed right now -- my portfolio lost 15% (so far) today.

(quote author=saffeysite1 link=topic=940.msg5016#msg5016 date=1119637417]
You'll make it up on Monday.  Stocks almost always take a dip midday.  people go to lunch. plus people on the west coast don't start to get back to the market till about 3:00.  That's why you always see a surge in volume after that time.  If you like a stock, be patient let it come to you.  Don't buy when its starting to just heat up.  Usually if you wait till about $1:30-2:30 Eastern time , you get a better entry price.  Never chase it going up.  I learned that one.  If it's past %5 of your entry point, hold off.  Like with BLYC today. it's flying.  I didn't buy it, because I saw the info to late.  I missed where everyone got in.  It's hard not to want to buy what everyones else is in.  But they'll be another BLYC, waiting.

good luck

Quote

Yes, i agree, i try to wait for dips...but, sometimes i think i catch the dip, and then it goes lower...not enough patience i guess.

THats why its great to have other traders keep ur head on straight when ur in panic mode...u just need some logical reassurance..its hard to stay focused sometimes when u have incurred several losses in a row...u lose faith.

Thanks again for the reassurance...and even if ARET doesn't recover monday...overall ur plan is a very good one, got to give stocks a chance sometimes rather than judging them momemt by moment, trade by trade.

Thanks very much,

julia
applause!

I'm not enjoying this late session...
But I have to hold it, because I may loss my position on this OIL penny, and I can't do that because I'm so bullish on OIL... 

best regards,

"On a day like this, the best we can do it take a collective deep breathe and remember that disappointment always leads to opportunity one way or the other. The key, as it has been for some time now, is to stay in the game, rely heavily on risk management, and keep looking for opportunity out there. That's exactly what I'm doing right now".

-The Kirk Report.