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Re: alaeloa post# 167187

Friday, 11/18/2016 9:06:51 PM

Friday, November 18, 2016 9:06:51 PM

Post# of 167964
Alaeloa, I don't pay for a private messaging subscription. All I want to say is remember this. All Penny Stocks are a Scam until proven otherwise. Don't get too caught up in the hype and lose your investment. Buy in at a price that you're confident there won't be too much downside. I've been in positions where I thought I was close to the bottom and had to stare down a 20% loss until it flipped positive. The longer the play lasts the more likely you are to get screwed. Never buy into a rally unless you're confident you can get out before it crashes. Never hold a penny stock long. The volatility on these plays can be insane. If you want to go long Micro Caps is not the place to do it.

There are some plays out there that turned out to be real companies and have done great things and as a result their stock prices sourced along with the return their investors made. However, those stocks are hard to pick and it doesn't happen as often as some might lead you to believe.

One more thing. Risk = Reward. You take a risk by riding a rally. You can make some serious bank if you ride it perfectly and get out at just the right time. However, if you wait just a little too long the stock may crash so fast you don't even have time to set your limit price on your sell. Be careful and happy trading!