 | From: scoop30310 (Rep: 0) reply to kcprinters | Date: 2010-12-14 23:22:34 | | Forum: Pinks and BB - Thread #672838481 | Msg #33236 - Part 11/14 (Rec: 0) | hello kcprinters thankyou so much for the information on anyone new to the game.
im trying to learn about stocks how do you suggest i go about that without paying someone to lose my money for me.(lol) i recently got burned on a stock called sstp & said i wont let that happen to me again,any advice that you could give would be greatly appreciated. im deffinetly a newbie to this so go slow.(lol)
NOTE: This message was originally posted on 2010-12-14 22:21:31 by the scoop30310.
 Reply to kcprinters - Msg #6817 - 11/26/2009 16:00
For anyone new to the game, here is my take at this whole pennies game. 1. If you are playing pinks, realize that you are basically trading the highest risk stocks out there in the market. MOST are unethical in one way or another with very few being legit companies starting from the bottom while not out to screw the shareholder. Likely 80% of pink sheets are there just to raise money through dilution - often, you don't see it coming, it just happens, often you will see it in stock promotions and... Full Message |
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| From: jsonin2 (Rep: 63) reply to scoop30310 | Date: 2010-12-15 00:23:58 | | Forum: Pinks and BB - Thread #672838481 | Msg #33237 - Part 12/14 (Rec: 0) | suggest you start out by paper trading to see how you would do over a fixed amount of time
be careful who you trust
be careful who you believe
watch to see how things turn out for the various folks that make statements here & elsewhere
be part of the momo. don't chase it
don't gamble more than you can afford to lose
don't give up your day job
re-read the KC newbie advice a few times over a couple of weeks
good luck
Do your own DD.
All postings are IMO.
GLTA.
Jay
Bulls make $, Bears make $ but Pigs ALWAYS LOSE $ !
Reply to scoop30310 - Msg #33236 - 12/14/2010 23:22
Re: For anyone new to the game, here is my take at this whole pennies game. hello kcprinters thankyou so much for the information on anyone new to the game. im trying to learn about stocks how do you suggest i go about that without paying someone to lose my money for me.(lol) i recently got burned on a stock called sstp & said i wont let that happen to me again,any advice that you could give would be greatly appreciated. im deffinetly a newbie to this so go slow.(lol) NOTE: T... Full Message |
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 | From: kcprinters  (Rep: 606) reply to scoop30310 | Date: 2010-12-15 00:45:43 | | Forum: Pinks and BB - Thread #672838481 | Msg #33238 - Part 13/14 (Rec: 0) | Re: For anyone new to the game, here is my take at this whole pennies game....welcome scoop - hopefully my intro gives you good insight as it can take several years of lessons to figure all that out. If you are sticking with pennies, I would probably paper trade for a while. It isn't quite the same as it takes the emotion out of the game, but at least it gives you an idea of what it will be like.
As for not letting it happen to you again, you will need to change that attitude. It will happen again, and it will happen alot. As I said in my post though, you need to minimize those losses and wait for the big payoff. Playing scared to start is much better way to go. If you get nervous having $1000 in a stock, try only $500 - gives you a little more breathing room for drops and doesn't set you up for ridiculous bags if trades suddenly turn sour. Make sure you have a good L2 system and get to know the MM's - which are toxic, which are your friend etc etc
good read here to get an idea:
http://stockalyzing.com/stock-learning/104-understanding-level-2-and-market-makers.html
Key to remember is this is mostly just a big game in the penny world - most companies are either fraud or diluters to pay off debt or give themselves xmas bonuses and groups run stocks and pump the crap out of them regardless of how accurate their info is. Don't fall prey to 'believing' the story, regardless how credible it appears (applicable to pinks, not so much otc - for the most part, the PR is legit and meaningful). Play it with the willingness to loose the money and pay attention to the volume. Don't be caught when it thins out and the traders move on.
There is no easy formula unless you are the ringleader of a pump group, or the owner of the spam newsletter.
You can't learn everything you need to know in a post, just takes experience and lessons. I have traded for about 12 years and I still wouldn't call myself a good trader. If I can keep entertained and make a little money on the side though, I'm all good.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER What I post is an opinion only, by no means a professional opinion! I choose to put an emphasis on fundamentals, and even if something screams a buy, I've learned that the stock may not move just because the fundamentals say it's undervalued. If I post about a stock, it doesn't necessarily mean I hold shares - I often like to just discuss plays for the sake of conversation. This is a forum of discussion...for ideas - do you own DD and take responsibility for own trades.
Reply to scoop30310 - Msg #33236 - 12/14/2010 23:22
Re: For anyone new to the game, here is my take at this whole pennies game. hello kcprinters thankyou so much for the information on anyone new to the game. im trying to learn about stocks how do you suggest i go about that without paying someone to lose my money for me.(lol) i recently got burned on a stock called sstp & said i wont let that happen to me again,any advice that you could give would be greatly appreciated. im deffinetly a newbie to this so go slow.(lol) NOTE: T... Full Message |
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| From: Diligence1 (Rep: 0) reply to kcprinters | Date: 2012-04-19 21:10:33 | | Forum: Pinks and BB - Thread #672838481 | Msg #70731 - Part 14/14 (Rec: 0) | THANK YOU!!
Sent from my IPhone
I have no positions & have no idea what I'm doing:)
Reply to kcprinters - Msg #6817 - 11/26/2009 16:00
For anyone new to the game, here is my take at this whole pennies game. 1. If you are playing pinks, realize that you are basically trading the highest risk stocks out there in the market. MOST are unethical in one way or another with very few being legit companies starting from the bottom while not out to screw the shareholder. Likely 80% of pink sheets are there just to raise money through dilution - often, you don't see it coming, it just happens, often you will see it in stock promotions and... Full Message |
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