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Pastimes : Daytrading and Stock Trading Addiction
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To: marie fouchia who wrote (318)6/12/1999 4:56:00 PM
From: john o   of 330
 
Let's see.

1) You bought 10,000 shares of a $2 penny stock. It went to $1. You sold.
or
2) You bought 25 shares of a $400 internet stock. It went to $200. You sold.

I would suggest you dollar cost average into a mutual fund. When you rebuild your savings, buy several conservative stocks and hold them for ten years.

This is an expensive lesson many of us learn. Its like starting a small business. Many of them fail due to inexperience and getting in over our heads. Take the lumps and move on.
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