InvestorsHub Logo
Followers 6
Posts 139
Boards Moderated 0
Alias Born 02/09/2017

Re: I Need Money post# 3235

Friday, 05/19/2017 10:34:12 PM

Friday, May 19, 2017 10:34:12 PM

Post# of 3369
Generally, no. There are times that the price spikes and I let it go to 15 or 20% but I sell as soon as I can. If you sell on the way up you can always find buyers. If you sell on the way down, you have to wait in line while the price plummets. Using the rule of 72, you can double your investment in 5 or 6 trades at 10%. Slow and steady wins the race. I got greedy a while back and fell for promises that never materialized. I lost 80% in 2 weeks. That will never happen again!