PLNI - Plasticon International, Inc. (Bulls Board) Message Board

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Technology Stocks : PLNI - Plasticon International, Inc. (Bulls Board)

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To: Captain James T. Kirk who wrote (2273)	12/14/2005 6:51:19 AM
From: rrm_bcnu	Read Replies (2) of 8122

capt: In the interim here is the best advice I can relay to any new penny player... Don't Be A Stock Martyr "A short reminder that markets can and often do surprise us and that is one of the reasons trading can be such a vexing profession. About the time one is assured that they have “figured it all out”, the market will often do something completely and utterly baffling and bewildering to the most experienced of traders. Good money management is essential if you are to survive and prosper while trading. There is no shame in being wrong on a market call –the shame is stubbornly refusing to recognize that the market itself is not validating your current view and it is wisdom to move out of the way until things clear up or you have the chance to re-evaluate your thinking. If you are convinced nothing has changed in regards to the fundamentals, then move out of the way while the technicals take over for a season and look to re-enter again when the timing is better and the market comes around to embracing your view. Do not attempt to stand there and put up a fight while each day you watch your trading account wither away. Not only will it lead to heartache and financial ruin, it will also rule out any chance you have of recovering your losses if you have no money left with which to play the game. Better to run away so that you may live to play another day than to die a hero’s death on some hill of your own contrivance. Custer put up a heck of a fight but never went home to his wife and family. Besides, the market will eventually react according to its true fundamentals and you will be well positioned to enter and not only regain your losses but make a tidy sum to boot." Dan Norcini - Professional Off-The-Floor Stock Trader cheers rrm

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