I bought 3000 shares of LLEX @27cents/share and within 30 mins it went up to 30cents/share for a profit of $88. I thought it was going to continue to rise above the 40 cents range. And hour pass and it drop to 27cents and continued to drop and fluctuate between 24 cents and 21cents. Ended up losing $205. I've only been trading for 2 no the now and the only $1000 that I had was the $1000that I put in it.
I observed that prices of stock seem to rise around SEC 10-Q filling qauterly or semi-annually, so around the quarters I'm just going to invest a nice lumpsum and let it ride for that month that the SEC is supposed to be filled. If I would have done this on the same stock in August I would have turned $800 into over $40,000 in a couple days. Man it sucks to loose 205 bucks when I'm intending on going forward.
I will be successful at trading.
Also,, everyone reports their quarterly at different times of the year. Not all the quarters are on the ACTUAL calendar quarters
if you enter your trade at .27, you should set stop loss at .24 for example when it hit, get out don't hold and hope. so .27 first target .30 second target .35 to sell. cut loss at for example 3 cent from your entry. or you can say at $50 loss i am out. good luck.
YOU NEED TO START WATCHING TIM'S LESSONS! I'm sorry to say it but you're in another world right now brother! Not to be mean but a reality check. I'm sure you'll do better since we all learn from our mistakes, but you really need to get that study on and apply healthy strategies! .... If it went from .27 to .30 and dipped that means you didn't analyze the trade properly before getting in and you bought at the top. You MUST analyze the trade before hand, and know your risk/reward.
About the second paragraph, YOU DO NOT LET AN INVESTMENT RIDE FOR A MONTH, specially with penny stocks ... Lastly, CUT LOSSES QUICKLY. Set yourself a losing percentage and respect it. If you are buying $1000 and you only want to lose $40, then your loss target should be 4%. Applying this to the .27 position, you should've cut losses at .259 ... GOOD LUCK! Study Study Study!!!
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