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Author Topic: It's good to be here  (Read 5568 times)
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Reishi
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« on: September 28, 2012, 07:28:45 PM »

Hey guys,

I can't tell you all how excited I am about being a member of this forum. I have had the opportunity to troll for a little while now and I haven't seen anything that would give the impression that the members here are anything less then goo, solid people. The good doctor let me in last weekend and I have enjoyed my short stent as an official member.

I'll be honest, I am relatively new to the market. It has always appealed to me but I have never bitten down and gotten serious about the potential. Money is a constant concern for me ( as I'm sure it is to everyone here). I am a special education teacher in Louisiana. My specialization is in low-performing students with autism. Mostly non-verabal students who function cognitively between a 36 month to 72 month age group at a middle school campus.

Like all teacher, I put in a lot of hours and never seem to have anything saved up. At 30 years old, I have realized that without another source of income I will be living paycheck to paycheck for the foreseeable future.

So I decided to take the plunge and make an etrade account. I moved $1,000 dollars into it and began looking into profitable stocks. Since then, I will not lie, I have lost nearly half of my money. I bought into the APS hype and put half of my reserve into PTRN with delusions of grandeur and of rolling in beds full of dollar bills when that thing ran to 4+ dollars. I bought in at .35 and had actually done well when it peaked at .52 but left it in and ended up losing most all of it now that it has fallen to sub-.20. I still haven't sold it. I am hoping it will climb just close enough to .35 that I can sell it with as minimal a loss as possible. I also lost money on CTYX and AONE.

My biggest problem is that on all 3 stocks I didn't leave when I had a little profit. I held out hope for a larger return and ended up losing on all of them. I've got no one to blame but myself entirely.

So, I began searching for a site I could frequent that would help guide me and came across several but was found this one to be the most appealing of all of them. A very welcoming group and a generally enjoyable forum to check in. I still haven't made the plunge for the monthly membership but am looking to do so as soon as I can turn the tide on the money I have left and recoup a little bit of the losses back.

In the meantime I look forward to exploring this forum even more and making myself more antiquated with the layout and members.

Thanks to all who contribute,

Reishi
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Sloth
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« Reply #1 on: September 28, 2012, 11:30:05 PM »

Welcome to the board.  My best advice is don't get greedy and be patient. I know u have the patience from your profession, but take what you have learned and apply it to trading.

Good luck
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"If you don't follow the stock market, you are missing some amazing drama." - Mark Cuban.
bawanyh
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« Reply #2 on: September 29, 2012, 03:24:23 PM »

Welcome. Yeah like Sloth said, patience and greed are the two most important things. Patience pays off most of the time, greed always kills. I learned it the hard way. I lost HUGE on my first stock, and lost ALOT of profit on my second stock by holding too long. I wish I was paper trading instead of real money. I would advise you to do paper trading first for a couple of months atleast and see what its like. Penny world is pretty dangerous and volatile, sometimes you win big, sometimes you lose big. You have to be extra careful when trading and remember one thing: As soon as you see some profit, look for the exit. Yes you might lose some money that you "could have" made, but atleast you wont lose money that you "already have" if it decides to tank.

And one more thing, try to stay away from PUMP stocks. Those stocks dont really have any value, even if they are at $10, thats a fake number. Once the DUMP starts, it will go back to its original value and you will lose it all. Best thing is to play on technicals, that way you sell when you see it reversing even when people are telling you the stock will recover. I just barely started learning how to read charts a couple months back after I lost most of my money. But I have done well in the last month and have started recovering some of it. Here is a good place to start:

http://stockcharts.com/school/doku.php?id=chart_school

Good luck to you.
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Reishi
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« Reply #3 on: September 29, 2012, 03:37:37 PM »

Thanks guys,

I should have done the paper trading at first. Hind Dwight being what it is, paper trading would have certainly kept me from loosing my funds on a worthless stock. As an outsider brand new to trading, finding the APS site felt like I had just struck gold.

I guess you get what you pay for Smiley
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