Sunday, May 07, 2017 4:09:15 PM
It is a CURSE to find a stock LIKE THIS early in your investing journey. It'll make ya cocky!... and you could easily hit 10+ losers in a row right after. I know, Ive done it!
Just like with slot machines, winning one large jackpot does not improve your very slim odds of ever doing it again... and an inexperienced investor in the penny market is equivalent to a gambler on a slot machine
...the only way to alter this VERY common path of pennyland financial destruction, is with experience and study. THEN you can begin to differentiate the gems, along with KNOWING when to not let them go too soon...
It is more important to learn how to PROTECT your $$$ in pennyland than make it! Cause no matter how much you have, you can lose it ALL holding long when 95%+ are doomed to fail, per historical statistics... There are no sure things in the markets! There are only better ODDS.
An investor does not need dozens of penny winners to make a lot of $$$. You just need ONE huge winner every now and then, while avoiding major losses on others. THAT is the key... IMO diversification is for big board stocks, retirement planning, etc, not for penny stock investing, due to the ODDS. Pennyland is a timing/pickers market
My postings contain many opinions. So please do your own research
and validation.
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