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Re: Smith Sam post# 32127

Saturday, 06/27/2015 10:18:36 AM

Saturday, June 27, 2015 10:18:36 AM

Post# of 94308
The only thing I think the Cramer guy ever taught me was pick a stock that was the leader of it's peers. I tend to do steady by day trading large caps and nibble them with an average about 0.75% each trade. I rarely freak out and take a loss while on a downturn. (Done that twice before an lost 10% once and 15% once.) I never day trade penny start-up companies or bid down on them. They need an investors support to mature.

My past logic was allow up to 10% in high risk penny stocks.
Phar was a high risk stock but there was some gut feel to it. For sure IGBR is very low risk and I'm adjusting strategy to go above 10% of portfolio like our peers. For sure I will not go over 25%.