Archive | 2.33

Pennies Mistake

5 Apr

Reminiscing… Serious?  Seriously?  This is the first time I have actually tallied up my penny stock losses.  OK, I lost like $6467.37 by trading penny stocks between 2010-2011!!  I’m so undisciplined.   By not keeping  a steady track record of my gains/losses in previous years, it’s all becoming a blur.

What did I really gain by playing with risky penny stocks?  Only one prevailed while others fell flat on their faces.  Even my beloved GQ is stumbling these days due to rebels in Mali where our precious phosphate is being mined.  So really, I’m at a loss with my overall penny trading career.

NOT:  -$3519.99  I did not take my $900 profit off the table.
EPO:  -$1009.40  Never listen to thy brother.
UC:  -$1001.29  Kept on adding more shares and heartache into this dead gold mine.
BGEM:  -$596.79  100% gain, yet I was greedy to only end up with nothing.
RUN:  -$339.90  I have no idea why I bought into this one, wishful thinking?

This is a dark reminder for myself to not go to this destructive path again.  The risks I took was in over my head.  Goes to show that we can’t be right all the time.

Turning a Blind Eye

5 Apr

For the month of April, I plan to turn a blind eye to my budding stock babies that I had acquired end of March:  TCK.B, TRP, CHE.UN, AAPL.  I have built up my margin to $27,723.42 for these 4 particular stocks.  

In 2010, I took out loans to buy more stocks.  In 2011, I paid back all my loans to play it safe.  This year, I am taking on a bit more risk in order to hit my target of $120,000.

Story of my life, I’m going to take a back seat this month.  If I hit my target for TCK.B, I will sell for a profit.  Just going to wait for a green sunny day! 

Looks like TRP will take some time to blossom.  I’m not too sure if sitting on margin on this one is such a good idea.  I have collected their dividend thus far.

AAPL is a steady work horse.  Even though, I bought at its 52 week high.  It continues to amaze me how well they break through resistance.  I am definitely holding this one till I see weakness forming around its share price.

To be honest, I’m a little stressed with CHE.UN.  I had invested a lot of money into this one.  It’s been on a steady decline from its 52 week high.  I’m currently down 8.33% equaling $1505.73 smackaroos which is hard to swallow.  But I am seeking long-term distributions from this particular stock.  Of course, price appreciation in the stock will help out too.