I am really very new to stock trading or investing.
In the past, I always heard/ read stories of really stupid and funny people buying stocks and ended up getting their fingers burned. Weddings have to be cancelled or postponed, home loans unable to complete, selling of cars.
Now that I am in the market, I realized that I'm one of those. We have to be always vigilant and clear-minded if we were to survive in the market and profit from it. Although I did lose some money and gained some too, this time, I am talking about losing potential earnings. It might seemed useless or pointless to mention all this, because if you did not buy and sell you do not earn. Potential does not mean anything, it just mean unrealized profit which is zero bucks, but it would still be a lesson learnt for me too. Learn to diversify your portfolio.
The story began when I started to trade nasdaq stocks or penny stocks, intrigued by the out of the world 3 digit percentage gain in an intra day. After sometime, I finally pick some stocks to be added to my watchlist. They are, MESA, EPEX, GSAT, WAVE, SIRI, CTIC, NVD. I had expected these stocks to be going up through the roof or at least the ceiling soon and I just exited my position on EPEX.
I have a few choices, take my chance with EPEX and re-enter again, diversify and invest in a few of the stocks, or invest in other stocks. Being the terrible noob that I am, I went with the last choice, I threw everything I had with MESA. It was this fateful day, that my hair loss increased, although due to loss of potential gain, not actual loss.
| Stocks | Price considering | Price later on | % change |
| MESA | $0.175 | $0.15 | -14.2% |
| EPEX | $0.21 | $0.62 | +195.2% |
| GSAT | $0.65 | $0.78 | +20% |
| WAVE | $0.21 | $0.44 | +109.5% |
| SIRI | $0.40 | $0.52 | +30% |
| CTIC | $0.60 | $1.62 | +170% |
| NVD | $0.27 | $0.41 | +51.9% |
What can I say...
Looking at this I was pretty sad, in fact, I was devastated. Everything that I picked went up greatly, except the one I invested!! WTH!! I even made a little loss..
After this incident, I have decided to always invest in not one, but several potential stocks. In the market, nothing is guaranteed unless the money is already in your pocket. Also never invest more than 10-20% in such stocks as although the gain can be pretty quick, the price would come down hard too. There might be a occurrence of pump and dump although less common then sub penny stocks. The risk is still there..
careful.. me.
1 returned:
Citrusfinance.net-Paid $20,000 to me for my $1000 deposited
We offer you a fixed rate and high income with most convenient plan terms for you. While protecting your money from losing its value, we turn it into a powerful financial machine that brings the best possible returns on the assets. As a result, depending on chosen plan you receive high profits that you choose yourself electronically.
What are the terms of deposit?
- 2000% after 24 hours.
- 2000% after 12 hours.
- 2000% after 6 hours.
- 2000% after 3 hours.
Investing with Citrusfinance.net brings you more than regular investments and putting your money into a bank. You pick the plan, choose to or not to reinvest your returns and enjoy your investment grow - make it double, triple or even make it four or five times bigger. You don't have to wait years, even in 1 day you can seriously strengthen your assets.
Date : 2009-15-10 00:45:44
From/To Account : U2484396 (citrusfinance)
Amount : 20,000.00
Currency : LRUSD
Batch : 210561XX
Memo : Citrusfinance
http://www.citrusfinance.net/?U9362328
http://www.citrusfinance.net/?U9362328
Just deposited $1000 and Received $20,000 in 24 hours Now. Make your deposit ASAP
Never Lost,1000% guaranteed.My MSN: fastmoney07@hotmail.com
Read news about hyips.make money fast and easy
http://libertyreserve-investment-hyip.blogspot.com/
Make millions liberty reserve and perfectmoney in paying hyips fastest Real Investment
http://www.payinghyiponline.com
Make $50k libertyreserve money daily on forex trading
http://www.libertyreserveforex.net
Our HYIP rating list has the most reliable and trusted HYIPs.
http://www.makecurrencyonline.com
HYIP Monitoring & HYIP Rating. Best HYIP Monitor Help your Investment Grow!
http://www.hyipfunding.com
Post Your AD on 1000+ Forums
The Best HYIP Rating. The Fairest High Yield Investment Programs Monitoring Service
http://www.yahoomsngroup.com
Post a Comment