RE:RE:I swearFully agred. On all points. Only one addition I would add is that it can really pay to let winnners run, I have let a few big winners get away from me for a short term profit that I meant to buy back in later but never did and then it became too late. But I fully agree you have to protect your capital. I have experimented with different things to accomplish that, eg. selling part of position, getting just my principal out and letting the profit ride, stop loss orders/trailing stops. Problem with latter with stock like TRIP is you can't really set the loss for under 15-20% unless you want to risk getting stopped out on a down day, which is normal for volatile stock like TRIP.
Stalkhouse wrote: A few lessons I've learned for what it's worth: 1. Be patient when looking to buy in to a stock especially if it's in a downtrend or trading sideways. Until I see a confirmed uptrend with good volume I'll only ever buy in small blocks. 2. Not all stocks will go "to the moon" even if their fundamentals are sound so learn to take profits and walk away. There is manipulation and algorithmic trading of almost every stock, especially "penny" stocks. I refer to this crudely as "Hit it and quit it, never fall in love". 3. Never overcommit, keep a diverse and relatively balanced portfolio. 4. Never listen to rhetoric you read on SH whether it be positive or negative. If you find you always seem to buy only to find the value decreases or trades sideways it is possible you've been duped into buying by "to the moon/sure thing" posts...know what it is you're buying into 5. My last point is a work in progress but it is essentially to follow donny62 around and do the opposite of what he's doing...so far thats working out well lol Good luck, and remember people posting "DD" as to why you should buy/sell on a free internet forum do not have your money/best interests in mind. Cheers