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To: Blitz who wrote (14)2/25/1999 11:12:00 PM
From: Due Diligence  Read Replies (1) | Respond to of 111
 
Shoot, one time I got so excited when I first started trading pennies, I bought and bought and bought until I had about 40-50 of them. I missed profits,forgot about a couple,lost on more than worth mentioning. Now I'm a little more reasonable. No more than 15-20 at one time.<VBG>
DD



To: Blitz who wrote (14)2/25/1999 11:27:00 PM
From: Norms  Read Replies (2) | Respond to of 111
 
Blitz,

Cool thread. Well, here's mine. I bought SEXI at .14 and sold at .78. Made 40,000 and thought I was King of the Hill. Got bummed out when it started to run (guess they knew I was out), so I brooded and brooded and bought way too high and when it ran to 4.00 and then went down - what did I do? I averaged down and kept on averaging down.

I ended up losing 80,000 when they halted it. Did the OVIS thing and lost there too after being UP. Screwed up my trading for over a year and a half. Nothing like going over all your bad trades while preparing your taxes to make you vomit.

I am much, much better now. Live and learn. I now place targets and place sell orders when I am close to them. You can always change them. Discipline is the key. A profit is a profit no matter what it is.

Best of luck with your thread..........Norms