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

To: myturn who wrote (23367)	1/29/2000 9:18:00 PM
From: Jim Bishop	Respond to of 150070

To: +Autumn Henry (68995 ) From: +Mr. Big Saturday, Jan 29 2000 6:53PM ET Reply # of 69008 Invest in the right tools (a lot of them are free). Fast internet connection, quote feed, L2, real time charting software, fast computer(s), and attention deficit disorder helps so you can track hundreds of stocks at once. Read a smuch as you can - there are some decent books out there. In particular technical analysis. The tape doesn't lie and being able to read a chart (5 minute - 15 minute - daily chart depending on your time horizon can help your returns and limit your losses). Diversification is important even for guys like me who rarely hold anything longer than 48 hours. Never take a loss of more than 10%. The direction of the overall market matters. Sell your losers immediately. You can buy them back later on the cheap. It's not a profit until you sell your position. Good luck.