Category Archives: Featured
PENNY STOCKS – DONT LOSE YOUR WEALTH – OPEN YOUR EYES!!!!
Play the game if you want to with part of your aggressive dollars in your portfolio but be aware that this is a minute by minute activity. Day trading in Penny’s is not for the slow moving trader. You are in the land of traders that make 100′s to 1,000′s of trades a day using automated software tracking programs. Learn and practice without cash first. Read about momentum trading and how Level II charting helps you see the shift between buyers and sellers who are the market makers in the Penny market. Google the term “Pump & Dump” and read all you can on this so you can be successful with making it a tool for you to win instead of a reason you lose your wealth. Don’t lose your money! Be aware that many of the “hottest stock” deals may not mean the company has anything more than a good story being marketed to generate trading volume for the benefit of day traders. They will leave you holding the bag (a.k.a. “Bag Holders”) after they are done making their money. Take a look at this website and you will see how activity is generated by promotion. One of the best sites on the web for helping you to know what is behind Penny stockmomentum movements.
http://www.hotstocked.com/
Do your research on the company you are buying – fundamentals (Income Statement, Balance Sheet, Cash Flow, Cash/share, Equity/share, Top line sales trend, bottom line profit trend, effect of goodwill, any questionable entries in their financials, insider ownership and buying trend, real reason for volume increases, market segment they are in, etc. There is a consistent theme in Penny stock trading – little or no volume then heavy volume linked to price increases then back to little or no volume – day traders make their money and move on leaving the Bag Holders with a hope that one day this company will be a winner again – sad story but it happens over and over again. Bag Holders look for validation on the boards not wanting to accept that they have lost money. In fact, they feel they have not lost anything since they have not sold yet.
Other thoughts:
-Read up on CANSLIM http://en.wikipedia.org/wiki/CAN_SLIM- learn how to set your win and loss benchmark.
The Power of Passion
Improving this single attitude makes your days fly by. You wake up excited to work. You make the right decisions. You get more done in less time.
Improving this attitude affects everyone around you. They believe in you, trust you and want to support you.
This one attitude can change your entire life for the better.
A vital attitude for you to constantly improve is YOUR PASSION.
On a scale of 1 to 10, exactly how excited are you right now? Do you really want to succeed? Are you thrilled with your goals for today?
If not, you must generate some passion for your day, your week and your career.
The Road to Success is in the Fast Lane
You succeed based on the quality of your work, the amount of work we can do and one other factor: speed. How fast can you go?
“THE RAPIDITY OF PARTICLE FLOW ALONE DETERMINES POWER.”— L. Ron Hubbard
The power and progress of our society is based on speed. When your particle flow (information, services, goods and so on) is slow, the rest of the world speeds on by.
For example, can you imagine working without a computer, telephone, fax machine or the Internet?
Can you imagine traveling without a car or an airplane?
Imagine being in a world where the telegraph and railroad were major improvements.
Business Speed
The Do-It-Now Habit
Do you feel overworked? Do you have too much to do? Are you not making the progress you want to be making toward your goals?
Why can some people produce twice as much as others? For example, Jane not only handles three kids, but works 30 hours per week and runs a small business from her home office. Jane’s house is always clean and she prepares delicious, healthy meals for her family.
Jill, on the other hand, has one daughter, makes no money, has no time to do her housework and prefers pizza delivery dinners.
Both Jane and Jill are good mothers, but why are they so different? Why is Jane so efficient?
To be more like Jane and less Jill, break two bad habits and form one good habit.
Two Bad Habits
The Honest Way to Get Rich
You can get everything you want in life as long as you give others enough of what they want. If you give nothing of value, you get nothing of value. Your method of exchange determines your wealth.
The type of exchange you use determines your financial success. Nothing else you do has a greater impact on your income. L. Ron Hubbard outlines the four types of exchange.
“1. First consider a group which takes in money but does not deliver anything in exchange. This is called rip-off.” — L. Ron Hubbard
Examples of this first condition of exchange:
— You pay a $1,000 deposit for a new car. The dealer goes bankrupt. You get no car and no refund.
— A plumber loosens a pipe, shows you the “leak,” tightens the fitting, makes noise, charges you $159.
Building Confidence: What Should You Be?
Question: What is the best personality or the best identity for you to assume?
Answer: Anything you want to be! A cheerful friend, a businesslike executive, a caring listener. Whatever is best at the time. Different circumstances require different attitudes.
For example, to be a bossy manager at work might be appropriate, but you might drive your spouse crazy if the identity continues at home. To be a rowdy sports fan at a game is great, but not what you should be when asking for a raise.
The reason people have trouble determining who or what they should BE is because they don’t start with HAVE.
“Children in the West are commonly asked `What are you going to BE when you grow up?’ It is a silly question and can drive any child up the wall. Because it’s the wrong question—hits the wrong end of the cycle.”
“He is also asked, `What are you going to DO in life?’ That’s just as bad. It is quite difficult to answer.”
“If we asked children, `What do you want to PRODUCE in life?’ we could probably get a workable answer. From that he could figure out what he’d have to do to produce that and from that he could know what he had to BE. Then, with a little cooperation he would be able to lead a happy and valuable life.”
