Posted by: I485 May 3, 2014
PEIX
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Beautifool, didn't you buy peix stock? Was it all options ? Thought you had stocks not options...
Like I said since beginning of march market has been choppy and market is not sure which direction to go.. I have pulled most of my money since then...most small caps have pulled down significantly and what scares me more is some of the small cap bio stocks have already pulled back a lot and the overall market is still at record high, what will happen if the overall markets starts to correct and head south....hmmmm

When PEIX hit $18s that was the time I would have sold and walked away... Not saying it won't go back up again but I have learnt to take profits and lock it instead of watching all my profits evaporate... Its the greed that kills us..
Its our human nature that we end up keeping the loser stocks in the hope that it comes back up and sell the good ones very early thinking that it may go down.. All psychology ... Averaging down is just a way of convincing yourself you're not losing much but when it heads south from there then we start to panic and end up selling everything at the bottom and then price starts going back up lol .... Happened to me many times... I have learnt a lot from those mistakes....
I mainly trade bio stocks and so far doing too. +400% in my account so far.. March and April not so good, choppy market....only focusing stocks with strong catalysts these days... Shorting more than going long. Changing my strategy as the market seems weak.
Cutting losses quickly definitely helps...
I like GSB ,on the last spike few months ago I saw some of my trader friends playing it and that spiked during that time. On my watchlist right now waiting for some dip them I may get in...watching on the sidekines . not chasing it I'll let the price come to me if it doesn't there are other better plays !

Good luck guys
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