Learn it now - Don't trade back and forth. You have a handful of speculative plays, cash them out when you have a profit if nothing else. Or at least define your plan. ie. if you're plan is simply "BCLE is going down, but I see MGLG going up, I want some of that" - I wouldn't trade - that's just my opinion.
If you're plan is more solid - ie. MGLG is confirming a hammer play and bounced off the trendline, and I believe BCLE's run is over and bad news is coming out, it posted a bad candle on high volume, I'm up 20% - that's a little different.
If you keep chasing things that are up, and selling losses to do it, you likely won't get ahead. Do you have a gain on BCLE?
Again, all is an opinon, and I'm not an experienced penny trader.
This is a post off of Google Finance:
Day Trader Dad
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Just thought I'd throw this out to all the loyal SPPI investors, of which I happen to be one! LLBO has some solid technology that is submitting application to the FDA by the end of this month. The technology, if approved, will be ground breaking and the market potential is huge. The stock is cheap, cheap, CHEAP and has posted well above 100% gains over the last couple of days and with the pending application to the FDA their seems to be no end in sight. I came across this company a few days ago and started my research then jumped in with a small investment to test the waters. I now wish I had threw down a little larger because I have quadrupled my initial investment in just a matter of days. As always do you own DD, but I believe in this technology and the company has been around a very long time so it is not fly by night. The market they will serve is serious, breast cancer diagnostics, and with their razor razor blade set up the windfall to the company once approved will be a solid stream of revenue. One more great thing about this technology is that the FWS device can be sold directly to primary care physicians as a first line of diagnosis for breast CA. With there being so many HMO and PPO's out there nearly all subscribers have to go through thei PC physician in order to see a specialist and if they go after they have received this test all the better because then the specialist is likely to resubmitt for the test to validate the findings. Solid win win for the company. If this breaks out and hits some solid milestones then the money should come rolling in for even a modest investment. Good uck to all and let me know what you think. DTD
More options Jul 22, 2:59 pm
From: Day Trader Dad <liv2...@gmail.com>
Date: Wed, 22 Jul 2009 11:59:46 -0700 (PDT)
Local: Wed, Jul 22 2009 2:59 pm
Subject: LLBO is sete for take off!
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Just thought I'd throw this out to all the loyal SPPI investors, of
which I happen to be one!
LLBO has some solid technology that is submitting application to the
FDA by the end of this month. The technology, if approved, will be
ground breaking and the market potential is huge. The stock is cheap,
cheap, CHEAP and has posted well above 100% gains over the last couple
of days and with the pending application to the FDA their seems to be
no end in sight.
I came across this company a few days ago and started my research then
jumped in with a small investment to test the waters. I now wish I had
threw down a little larger because I have quadrupled my initial
investment in just a matter of days. As always do you own DD, but I
believe in this technology and the company has been around a very long
time so it is not fly by night. The market they will serve is serious,
breast cancer diagnostics, and with their razor razor blade set up the
windfall to the company once approved will be a solid stream of
revenue. One more great thing about this technology is that the FWS
device can be sold directly to primary care physicians as a first line
of diagnosis for breast CA. With there being so many HMO and PPO's out
there nearly all subscribers have to go through thei PC physician in
order to see a specialist and if they go after they have received this
test all the better because then the specialist is likely to resubmitt
for the test to validate the findings. Solid win win for the company.
If this breaks out and hits some solid milestones then the money
should come rolling in for even a modest investment.
Good uck to all and let me know what you think.
FYI fellas.
There will be a PR soon about the share buy back. Expect this stock to only continue it's uptrend.
hey dave, yea your right.
i would have lost a little bit of money on bcle if i sold.
and then i thought about what if mglg #'s didn't come out for a while, and bcle is my big hope for the future
i need to stop thinking i'm a day trader lol
looks like we got in at the same pric e bass, i shouldve of got it at 002 when i frsit tried but o well.
sean, build your bankroll. it may take a few weeks or a few months. you already made a decision to gamble your money on pinks so ill concede in telling you where to put your money. you like BCLE (so do all of us) and MGLG (same).. now just wait for the breakouts then move on. if you try to daytrade with such a small investment your gonna whipsaw your roll to zero. jmho.