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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5
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To: mikev101 who wrote (20093)4/23/2004 3:00:39 PM
From: Catfish  Read Replies (2) of 120405
 
Mike,
One of the CNBC folks mentioned that making bad decisions in your trading is just as bad as buying a bad stock.

Lately, some of the newer posters here do not seem comfortable in the microcap environment. If you are not prepared to deal with the price swings, then you are probably better off elsewhere. We need the volatility to make money here. You could buy a CD or US treasuries, and you would not have to worry about the ups and downs.

I make trades every day, and not all of them are winning trades. Yes, I lose money on some trades almost every day. But, I make more than I lose on my winning trades, or else I would not be here. If you elect to stay in the microcap environment...and it can be very profitable...then you must know that not every trade is going to be a winner for you. When a trade is going against you, do not be afraid to exit the stock. There is always another stock, and another day even when you lose.
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