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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG) -- Ignore unavailable to you. Want to Upgrade?

To: t-bishop who wrote (43482)	12/5/2000 10:55:45 PM
From: TOPFUEL	Read Replies (1) \| Respond to of 44908

A MUST READ To: LANCE B who wrote (4530) From: LANCE B Tuesday, Dec 5, 2000 7:38 PM ET Reply # of 4542 TRADING TECHNIQUES.. DONT LET YOUR OWN EGO GET IN THE WAY!!!!!!!!! there is one thing worse than greed.. pride-the persons ego to be right or to go down on the sinking ship... i cant tell you how many times i hear about people averaging down...90 percent of the time you are averaging down cause you bought a pos stock... i rather be down 50 cents and have 5k of my money tied up in a stock than say i am only down 5 cents a share and have 25k of my money tied up.. the stock market is now like college football,you do not need to go undefeated to make money..heck i use to think it was like baseball,but right now i am making money and playing like a hockey team..i am playing .500 but making money cause i am minimising my loses and maximises my gains.. easy words but what does that mean??????do not let your pride let you hold the stock once it starts going south,and better yet dont let the stock stay in your mind and force you to under any circumstance have to make money on that stock or else... for instance.. today i bought 20k of tall under .35 cents today and on the way up weeeded out 5k at .42 and 5k near the end at .45..i maximised my gains i also bought 20k of fonx at .435 today..10 minutes later i said the wall at .44 was to big and sold my shares for a 50.00 loss for cost of the commission.. this theory is the way most traders have to play the naz stocks,but using it in the penny game is a damm good move.. i was 12-10 today in my stocks i played today,but made good money...