Bill, Good heads up on Gxto, and you were right. Its down 35% to .14 Yesterday I was willing to pay up to a .25 becaused I liked it so much the idea, video and all.... anyway Thanks you saved me $110 and I pulled the trigger today at .14 for 1000 shares...Ill just put it on the back burner for now and if one day it hits...it hits and if not what is $140 But I believe in blind faith and One day I have you a perfect stranger to Thank!
damn i should of held on to sscc, blah next time i shouldnt be so damn rash.
Last edited by trippingthespeculatingpos; 01-23-2009 at 03:31 PM.
I will put on my watch list, I usually watch a stock for about a month or so before I decide what to do with it.Originally Posted by Newman
Down 20% today, and near/at 52 week low. If I had any money freed up I would be tempted to buy it.
Hey Newman, did you go for the lifetime sub?
That went from a half penny last week to 7 cents today...wish I had a $100 on it! Dont you feel like someone goes threw alot of work just to piss you or me off...damn i should of hekld own to sscc
I think it was good enought to put a buy in at .15 as i was putting it in it went to .16 and closed a .18.....Story of my life...maybe I try again monday....Thanks for the networking...I like It....
Here is a good little article. I am guilty of not applying this (i.e. LVLT), but will start doing it again...just a reminder.
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If you’re a normal human being, your need to feel good about yourself probably causes you to sell your winners too soon – and -- your need to avoid feelings of regret, causes you to hang on to your losers too long.
At one time or another, we’re all guilty of letting our emotions dictate our investment decisions. But the only way to succeed in the market, is to keep greed, fear, pride and hope away from your trades.
The most successful investors know exactly when they’re going to sell a stock, the moment they buy it. Often they use “trailing stops” which move along with the closing price of the stock. It’s a purely mechanical decision they make as an impartial observer – and never based on feelings or instincts.
How many times has “fear of loss” caused you to sell a stock that brokeout the next day? Have you ever “fallen in love” with a stock – “hoping” it would breakout after an initial 10% pullback, only to end up losing your shirt? Has “greed” kept you in a stock where you wanted 50%, not 20% -- only to have the bottom drop out in a week, letting your profit dissolve into a loss? Have you ever held on to a loser because you wanted to prove your initial “instincts” were right after all?
By pre-determining the maximum amount you are willing to lose on a stock or fund, you can’t really get hurt. Equally important, this simple, proven strategy keeps you in a profitable investment so you don’t sell too soon and miss out on profits.
In a hypothetical example, let’s say you begin with $25,000 in a variety of stocks and funds. The first year was good and you made 25%. Now your portfolio is worth $31,250. You do the same the following year and now your portfolio is worth $39,062. Then the third year you lose 50%.
That would put the value of your portfolio back to $19,531 – which is less than you started with. Just one year’s loss can wipe out two years of great gains.
Now let’s say you had used the “trailing stop” strategy during these years...
You had the same $39,062 at the beginning of the third year – but – you were using a 15% “trailing stop”. As soon as the value of your portfolio dropped 15% to $33,203, you would automatically been stopped out, and would have locked in a profit of $8,203. I’m sure you’ll agree, that’s quite a difference!
Do this with just a few of your stocks or funds, and you can see how you can easily pocket thousands of extra dollars – while simultaneously minimizing your losses.
The “trailing stop” strategy is a time-proven tool for completely eliminating any emotions from dictating your investing decisions. The only problem is that it requires a lot of your time and a lot of work on an ongoing basis. If you have 25 different stocks, you may have to make 25 new calculations every single day.
The GOOD news is that now there is a new software program that automatically does all the tedious calculations for you. It can prevent you from taking big hits that can hurt you – while simultaneously letting your winners ride. Plus, you can now accomplish all this in about 10 minutes a day.
The program, “STOP-Master Portfolio Manager” is a great time saver. It monitors up to 50 positions in your portfolio. It automatically grabs current stock prices off the internet ... recalculates new trailing stop SELL prices as needed ... and completely updates your entire portfolio. When one of your positions hits your pre-determined SELL price, you are immediately signaled with a Pop-Up Alert. Then, simply instruct your broker to sell. No emotions. No needless losses. Greater gains.
© 2004 Empire Direct, Inc. All Rights Reserved
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You have permission to publish this article electronically or in print, in your Ezine, on your Website, or in your Ebook or Newsletter as long as the Author’s Resource Box is included with the article.
The article The Secret to More Winning Trades is as Simple as Avoiding This Common Mistake was Submitted by James Clay through Articles.GetACoder.com network. Here's the additional information: About The Author James M. Clay has been a successful investor for over 20 years. He has shown many people how to use this simple technique to dramatically cut their losses, while simultaneously locking in profits. To find out more, please visit: http://www.AutomaticInvestmentProtection.com jclay@bellsouth.net
Newman,
I went to look for CTGI.OB and I can't find it.. Where do you look it up and what do you enter to see it?
Thanks,
Bill
Bill, Hi Im pretty sure its CTGI I looked at it today...Decided to buy it at .15 while I was putting it in order... it went and closed at .18 I missed it but did buy GTXO at .14 Have a good weekend...Thanks Tony
hmmmmmmmm I will try again. I am putting together a practice exercise on the MACD and stock in relation with MA (moving averages) with Mapmaker's stock AIB. It is a terrific example of how to predict, what went on and what will be. I will post it on here. It should be fun and beneficial.
Cheap entertainment, only the cost of whiskey at home! It's just to get people looking at the MACD. Then we can do some other indicators if anybody cares.
Bill
Well, Newman, it looks pretty groovy right at the moment. CTGI has broken the 10 day moving average for the first time in a week. It is only 1.5 cents from the 50 day moving average. The MACD shows a bullish centerline cross over. The volume has picked up in the last week. If you can get to .19 or preferably .20, it has a good chance of busting out because at .19 is where the 50 day moving average is at.
You are in an up trend right at the moment. It looks like it has room to grow. I would be more confident in its duration once over .20. CTGI has had some pretty choppy times, and sideways times because of lack of volume and trading, but I see that is picking up.
With the volume, Monday might give a lot better indicator if it goes up.
Overall, it is risky, but it looks like it could grow now, and faster with the increase in volume.....that is my guess. I don't know how much you know about techno, but I would just keep a close eye on the chart with the MACD indicator and the 10 day MA showing. Just compare them to the chart and you will get a good idea if you don't know all ready.
I know that these stocks can bounce around pretty good. Sometimes it seems like everybody just throws out a price and they get what they want. It is pretty crazy and frustrating sometimes.
Any questions just give a yell by email or whatever.
Have a great evening,
Bill
Last edited by billhart22; 01-24-2009 at 01:05 AM.
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