I still can't believe the amount of bickering that
Post# of 30066
Posted On: 04/11/2015 1:18:58 PM
I still can't believe the amount of bickering that goes on over a penny stock spec play.
It's simple with spec plays, you wait for an entry per the chart, buy at your entry, wait to see if you are right.
Spec plays inherently are 3 to 5 year plays. Take any biotech spec out there (no revenue but a pipe that seems decent) and the milestones are all 3 to 5 years for potential maximum profit.
Why cry if it goes down? It is a spec play! If it goes down under you calculated entry then instead of crying you should evaluate what was wrong with your thesis so you don't make the same mistake again. Crying is stupid. You are the only one that can hit your buy button.
Spec plays should never be more than 5% of your portfolio and should not be money you may need in the next 5 years. Basic rules any experienced market participant will tell you. So again, why cry?
All this bickering, deleting of posts, and general mayhem just leads to emotional decisions. Emotions have no place in the market. You make mistakes and you strive to learn from them. You have success and you strive to learn from that too because no, you aren't that good... If you were, you'd never make a mistake.
So learn from success and failure to better your decisions moving forward.
I'm sure this will get deleted too as the emotions of the mods seem to overwhelm them most days.
Oh and anyone waiting on Jason's article to be publicly available to make a decision... Well, if you did the research you were supposed to before hitting the buy button, then you wouldn't need his article.
Jason seems like a decent guy but he has never written anything that you couldn't find yourself, just like most all analysts, stock authors, etc. They aren't smarter than you, they just used google more than you and have saved the websites to appropriate journals, fda info, etc.
My stake is still the same because I always said I had a 3 to 5 year outlook and AMBS is only 19 mos into that. The dip stinks because there is red in my portfolio but I don't cry because I accepted a total loss when I hit buy.
Chill!
It's simple with spec plays, you wait for an entry per the chart, buy at your entry, wait to see if you are right.
Spec plays inherently are 3 to 5 year plays. Take any biotech spec out there (no revenue but a pipe that seems decent) and the milestones are all 3 to 5 years for potential maximum profit.
Why cry if it goes down? It is a spec play! If it goes down under you calculated entry then instead of crying you should evaluate what was wrong with your thesis so you don't make the same mistake again. Crying is stupid. You are the only one that can hit your buy button.
Spec plays should never be more than 5% of your portfolio and should not be money you may need in the next 5 years. Basic rules any experienced market participant will tell you. So again, why cry?
All this bickering, deleting of posts, and general mayhem just leads to emotional decisions. Emotions have no place in the market. You make mistakes and you strive to learn from them. You have success and you strive to learn from that too because no, you aren't that good... If you were, you'd never make a mistake.
So learn from success and failure to better your decisions moving forward.
I'm sure this will get deleted too as the emotions of the mods seem to overwhelm them most days.
Oh and anyone waiting on Jason's article to be publicly available to make a decision... Well, if you did the research you were supposed to before hitting the buy button, then you wouldn't need his article.
Jason seems like a decent guy but he has never written anything that you couldn't find yourself, just like most all analysts, stock authors, etc. They aren't smarter than you, they just used google more than you and have saved the websites to appropriate journals, fda info, etc.
My stake is still the same because I always said I had a 3 to 5 year outlook and AMBS is only 19 mos into that. The dip stinks because there is red in my portfolio but I don't cry because I accepted a total loss when I hit buy.
Chill!
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