You're doing just fine ...
You may want to consider holding your purchases
for a longer period of time. One of the most
popular ways to lose money in the beginning is
to jump in or out too soon. If you ask around,
I'll bet you'll find very few people who have
sold something that didn't end up higher at a
later date.
The best way to learn is to put, say, 1/10th of
your capital into about 10 or so stocks ... as
many as you can keep track of easily. Then watch
them carefully ... you'll begin to see the patterns
of the market, of stocks within the market, and
of your own feelings, thoughts, and behaviors ...
That's 1/10 total, split between 10 stocks ... keep
the 90% on the sidelines or in an index fund ...
second most popular way to lose is to become illiquid
... so save your cash to jump in when the time IS right.
The most useful thing you can do is to take it
easy and learn from everything.
Specifically, regarding ITKG, you ought not to have
bought any shares until you had done your research
to verify that the stock actually has a real business
behind it ... and from a study of that business, to
determine what your price target and timeframe is.
It's hard with something like ITKG, but still, if you
had set your "ITKG strategy" = "Ok, ITKG anywhere from
.9 in to 5 out within 12 months" then the ups and downs
are irrelevant so long as the research remains true.
Try www.motleyfool.com as a reasonable place to start
learning.
ITKG oought to be considered a long-term investment...
it will take some time for the company to show major
gains ... and due to the nature of the product and the
manangement style, the company is less of a candidate
as a trading stock.
You might want to rein in your enthusiasm for awhile...
it's possible to get wiped out playing the stocks you
are into until you learn the game... no dang reset switch.
Sounds like you're doing fine otherwise ... good luck!
Jay |
