Monday, April 14, 2014 3:57:01 PM
For those fairly new to pennystocks this is an expensive education.
For those of us who have been doing this for years the current BMSN trading is not only expected, it is the way these risky stocks trade.
Buy low. Sell high. When I first heard that advice I thought it simple, too simple. Well, it is not as simple as it sounds.
I wait for the stock of interest to consolidate. Build a nice base to sit and wait. And if I miss buying due to news released it is no big deal. Never, ever chase these golden cheapies. Wait. They will come back.
The single most important rule in any investment is preservation of capital.
This chart has a lot of good consolidation buying points.
We are not in one yet.
Be patient. It pays. Eventually their money will become your money.
For those of us who have been doing this for years the current BMSN trading is not only expected, it is the way these risky stocks trade.
Buy low. Sell high. When I first heard that advice I thought it simple, too simple. Well, it is not as simple as it sounds.
I wait for the stock of interest to consolidate. Build a nice base to sit and wait. And if I miss buying due to news released it is no big deal. Never, ever chase these golden cheapies. Wait. They will come back.
The single most important rule in any investment is preservation of capital.
This chart has a lot of good consolidation buying points.
We are not in one yet.
Be patient. It pays. Eventually their money will become your money.
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