Posted On: 07/30/2015 6:28:17 PM
Post# of 75076
Yeah, Loudog, I know all about that. It's actually why I was surprised when I heard that there were THCZ bashers who were doing so mainly because they wanted to lynch Jerry over a previous venture they lost a lot of money in. "Really, folks? It's a penny stock - what did you expect?"
I went into this with a vegas vacation mindset, putting aside gambling money and assuming I'm probably going to lose it all in the end. So no, I'm not going to go broke or anything, but I'm in no position to move anymore money into the stock market than I already have.
What I find sad about the whole "don't trade penny stocks" mentality though, is that's probably all you can do for a chance to earn real profits unless you're already wealthy. Could I stick to big companies with the $10K I set aside for the stock market? Sure I could, but there's no way I would ever earn serious profits from it, even making the best predictions imaginable.
I went into this with a vegas vacation mindset, putting aside gambling money and assuming I'm probably going to lose it all in the end. So no, I'm not going to go broke or anything, but I'm in no position to move anymore money into the stock market than I already have.
What I find sad about the whole "don't trade penny stocks" mentality though, is that's probably all you can do for a chance to earn real profits unless you're already wealthy. Could I stick to big companies with the $10K I set aside for the stock market? Sure I could, but there's no way I would ever earn serious profits from it, even making the best predictions imaginable.
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