jackhammer

Very well though out post and excellent advice

As the saying goes" You get what you pay for" also rings true when buying stocks. Any stock under $5 is very speculative and has very little interest from the big players. Look at stocks over the $10 range and buy fewer shares. You are playing with fire on these penny stocks and 9 out of 10 times you will get burned unless you have some serious research behind your buys. Consider an index fund until you improve your trading style. This may take a few years of hard work but you will still have funds to trade when you have perfected your craft. I wish you all the luck and success in your investing

Ingot54 Tried to post a Utube URL but I guess it is unable to be copied. If your interested go to UTube and type in Rocky Balboa speech and it will come up. The movie wasn't good but the speech he gives is awesome and very true. Hope you take a look and also hope the weather is not severe in your neck of the woods Jackhammer

Ingot54 I am posting a UTube link that I would like to share(one day you can teach me how to post the actual video) that should be helpful for all traders. It gets down to the very basic requirements of a trader: determination & having confidence in yourself. Its short sweet but brutally honest. Best of luck in your trades [ame=http://www.youtube.com/watch?v=uASVzkrEKgs]YouTube - Rocky Balboa Speech[/ame]

Ingot54, Enjoyed your posts immensely. Keep them coming. I have found myself having to have overcome many psychological issues I didn't even know I had until I started trading! Yes having parents that were born in the early 1920's that had to struggle through the depression has had an effect on the way I was raised. (Ultra conservative keep risk to a minimum). Having to overcome this way of thinking while attempting to be successful in a field that has tons of risk I found very difficult when I started out trading. The longer I have traded (going on 5 years) the more I have overcome these issues and the better I have traded. Same as you though not at a point "yet" to quit my day job. Good luck with your trading success is right around the corner!