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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (21542)	1/23/2000 9:20:00 PM
From: scouser	Respond to of 150070

? ,where am I going to get time to read 200 posts a day LOL!

To: Jim Bishop who wrote (21542)	1/23/2000 11:51:00 PM
From: Katie Kommando	Read Replies (2) \| Respond to of 150070

Here's some advice from a newsletter I received today: VISION, PATIENCE AND PERSISTENCE: THE THREE KEYS TO PENNYSTOCK SUCCESS These three principles are critical if you are to succeed at trading pennystocks: vision, patience and persistence. Pennystocks are very unpredictable. One of the worst things that can happen is a stock goes down and turns against you as soon as you buy it. Some investors sell right away, sealing in losses. This is fine as long as this type of selling and sealing in losses is not done over and over again. Other investors will reassess the situation, hold on, and even buy more stock as it goes down. This sounds insane, but what these investors are doing is averaging down (bringing the break-even point down) and then holding for the next run up. The reality is, day trading pennystocks is not very profitable. Sure, making a couple of hundred bucks a day is easy to do in theory. But in reality, you will spend all of your time chasing stocks. Your wins will be exhilarating, and your losses frustrating. Day trading is like the dog chasing its tail. Many day traders miss the exciting experience of the "Gap Up," where a stock opens higher the next day than what it closed at. We are convinced that the BIG money is made by holding until a run up. We have screened hundreds of stocks over the past couple of years and found that a vast majority of them are cyclical. What this means is that over the course of a year they tend to fluctuate between a low and a high. A lot of these stocks fluctuate like this many times a year, providing profit opportunities over and over again. Many pennystock investors have given up the business after they have lost half of their investment going in and out of pennystocks and sealing in losses. These investors typically make the same mistakes over and over again, rather than attempting to learn what they are doing wrong and fixing the problem. So when you invest in penny stocks, have the VISION to look beyond what the stock does in a day. Have the PATIENCE to hold on for a while. You would be amazed at the difference a couple of days or a week can make. And if you can hold a stock for a week you would be amazed how easy it really is to hold for a month or two. Stocks that experience declines typically will start to recover at some point as long as nothing has changed at the company itself. Have the PERSISTENCE to keep on fighting, doing your research and looking for the next hot pennystock.