learn from mistakes, page-2

welcome to the stock market mate, if you have long enough you will be inundated with stories from us old timers who have seen it all before and had our fingers burned, companies put into administration, bled dry of funds by dodgy directors, deadlines not met, grades not proven etc etc etc etc

i well recall my first share purchases in 1978, sold both on a 50% gain in a couple of weeks and thought gee this is easy, famous last words before too long.

of course I am sorry to hear your story but maybe like many of us you will be more careful about your purchase strategies after this lesson- have a policy when you purchase a stock- maybe if rises more than 20% in a month you sell (after all you would happily take that interst rate from the bank)or if its a long termer then set and forget. Of course there are others worse off too- go over to CVI or AAM threads to read some horrow stories.

last few years I have heard too many young folks say some share at 5c will go to $1 because their taxi driver told them and with the bull run it seemed to be an easy way to make money but hasnt turned out that way.

bottom line is if you are going to be getting up at mid night to check the Dow or checking online every 5 mins through out the day at work then you are worrying too much and shouldnt be in the game.

now we are all suffering in the game with MNC but I am lucky there is no borrowed $, I have made money on MNC before and happy to wait but such parameters arent available to everyone.

good luck mate