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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Bidder who wrote (47307)5/17/2000 10:05:00 PM
From: trader_tex  Read Replies (1) of 150070
 
Not a regular poster but can identify
with your situation. Got knocked out of the game twice
due to bad decisions (emotion/margin). Made a hard decision
a month or so ago to totally sell out of all pennies. It
was tough because I was eating a 12K loss and I don't like
to eat that kind of money. I sold it all. Best move I ever
made. If I would have hung I would be down double that at
least. As it stands now I am still up considerably for the
year and am still trading. I start the day in cash and I
end the day in cash. All I'm doing right now is day trading
high dollar Naz stocks. Pennies on the whole are dead for
the time being. I'm not going to mess with them except for
the exceptional few which pop up on this board. Even then
its a quick in quick out. In this kind of market your money
has to move and above all cash is king. Not putting you
down, been there done that. Hang in there and don't think
of it as a 42K loss, think of it as 6K and where do I go
from here. Good luck.

tex
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