I've been trading stocks since 2000. The first year was rather miserable, I lost over 90% of my investment by listening to every talking head on cnbc (sheep get slaughtered). Then I discovered penny stocks that traded on high volume and big bid/ask spreads. Made all of my money back and then some the next year. I continued penny stock investing but I have become a more patient investor since those days and will only trade penny stocks for fun. I aim for 20% plus each year but have routinely double. I have a few ethos I TRY to abide by 1) If I wouldn't buy a stock today it's time to sell 2) Buy at the lower end of trading range...break this rule a lot 3)Trade to trade well...in other words play it like a game and try to remove emotion. When I get excited and realize it, I ask myself "what would I advise others to do if I weren't in the stock". Personal stuff; I'm a cancer cellular and molecular biologist at a Big Pharma. I try to utilize the scientific method on stocks but honestly sometimes I trade purely on instinct.
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