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Monday, May 29, 2017 11:01:33 AM
With such high odds of failure in the penny market, diversifying into too many pennies can lead to a big gain being wiped out by several other losses... and the more pennies one holds at a time, the harder it is to keep up with all of the evolving DD. Most penny stocks need to be reevaluated constantly.
I try to never own more than a few pennies at a time... and often, i only hold one, if i find something special, along with my big board trades.
The #1 rule in the penny market is PROTECTING your $$$... Anybody can hit a winner, but if you are not careful, the odds are strong that you will eventually give it all back on a string of losers... Just like at a casino, the odds of constantly hitting jackpots are slim.
AMFE is a best in class penny stock and deserves to be in peoples portfolio long term... Some here might THINK they can easily find other relatively low risk/high reward pennies like this, but they are mistaken. They are few and far between. Most are only good for the swing trades.
This stock was worth less than $10 million at one time and is now worth $30 BILLION... Investing 4 figures would have made you 8 figures...
My postings contain many opinions. So please do your own research
and validation.
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