reedwthompsoniii

[TimAlerts] today i was told by a chat member that large cap companies are best avoided by those of us with small accounts trying to build up (or even by penny stock traders in general).. i didn't ask him why but while watching SUNE price action (i'm currently long overnight) and looking at Stock Twits, it occurred to me that it's because these stocks are traded heavily by institutional traders, hedge funds, etc. and not so much by retail traders.. given this, the "competition" is much tougher, placing me

reedwthompsoniii

[TimAlerts] prob gonna be crossover famous in like a decade to people who have no idea what biotech is.. obviously, i'm not going to be holding my 100 shares of KBIO for the long term but i think long term investors would be smart to invest anything he's involved in.. but i could be way wrong.. just my layman's initial impression.

Tunde1306

[TimAlerts] Yea man I really wish you well on Monday. I also may be screwed myself on a position I'm holding with GOOGL . Yea I would stay clear of KBIO if I were you. It's too volatile right now. Why do you think traders like myself and Tim Sykes hesitated so hard to get in on it Friday. The momentum was crazy but that could very well have went sour for longs also.

reedwthompsoniii

[TimAlerts] i just need to stay clear away from KBIO if i am unfortunate enough to survive monday morning... way too volatile.. i need to focus on normal charts with normal patterns.. not super nova with those fast swings.. anything over $5 im no longer interested in.. makes it tough with a small account because you have to focus on the profit/loss while you are trading.. would be so nice to have that fat cushion and just focus on chart and price action only.. but when youre this close to game over due to

Tunde1306

[TimAlerts] I'm still kicking myself about KBIO though. I was looking at it all night and Thursday/Friday. Wanted to get in the pre market after the news came out but I felt like it might have room to tank a dollar or two and I can buy in at the bottom before the morning spike. Long story short, it never did drop and just went up. I waited the whole morning for the drop that never happened and so i never bought in lol. One good way to look at it is, even though I missed out on an opportunity, I had a plan

Tunde1306

[TimAlerts] Sorry for posting so much but yea this really spoke to me. Another thing, never trade on margin with small accounts. If you do, make sure you don't use SureTraders' 6:1. Go like maybe 2:1 to start. Certainly don't trade with margin over the weekend or overnight anyways. Don't chase KBIO either.

reedwthompsoniii

[TimAlerts] btw, like 20 mins earlier -- got greedy, should have walked away from that one.. Friday i was just all over the place, 25 trades, over 10,000 shares (almost exact same on Thur, too).. stupid for someone in their first week of trading.. this is me being transparent.. maybe someday i will start posting my results to the page but who knows, i might be out of the game come monday morning -- KBIO gonna hit new heights though, right? the internet says so.. if i survive i pledge to change my ways and

reedwthompsoniii

[TimAlerts] after my first 6 days of trading i really blew it -- my $1500 ST account has been cut in half.. zero discipline, gun slinging, degenerate gambler, emotional buying, positions way too large, over trading, the works.. i'm actually holding long over the weekend 100 shares of KBIO at $19.36 which is just dumb for someone after 6 days of trading -- bought those shares on margin last half hour Friday to recoup for the nasty hit i took on MCUR which came after a nice profit on the same MCUR, btw, li

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