Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread -- Ignore unavailable to you. Want to Upgrade?

To: Steve Smith who wrote (227)	1/28/1999 9:51:00 PM
From: Mark[ox5]	Read Replies (1) \| Respond to of 779

Steve, me too I lost a lot in penny stocks too. Almost killed me. I did something I advise no one to do...I borrowed on credit cards to invest, about 2 years ago. I had some initial success, and then some losses, some wins, some losses, I was just treading water, trying to always find the "home run". Then I had a succession of big losses all in a row, and by fall of 98 I was just fried and to be honest, scared since I had an impeccable credit record that was about to be tarnished... and no way to pay it off... but took a month off from the markets and just started back fresh and with a new strategy. Since then it's been golden. They say you learn from mistakes and I think its very true for stock market trading. I learned alot, especially from these boards... and a lot about psychology. All that comes very useful in internet stocks... they are 70% psychology, 30% fundamentals. I laugh to myself sometimes when I read some message boards... the expectations.. "This one should double by next week!" It's scary. The hostility towards anyone who tries to put a dash of reality into the boards - "WHAT ARE YOU!! A SHORT???!" How many times do u see this. Do you ever think back... to when you first started investing/trading... and how little you knew back then compared to now? Yet you still invested... and now you see why you lost money. Just like anything... you need experience... you need to learn the hard way... paper losses dont have the impact of motivation that real losses do. My arent we a philosophical thread tonite! Go Gen X! :) Mark