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Re: Munchieiam post# 1642

Thursday, 12/28/2017 11:09:35 AM

Thursday, December 28, 2017 11:09:35 AM

Post# of 3770
We all had to learn sometime. You have to pay your dues to learn how the game is played.

The best advice is to stick to the boring stocks for at least 75% of your portfolio and only use 25% or less for speculation (gambling). You will build a nice balance over time.

You will never know as much as the insiders and manipulators of the penny stocks. They will eat you alive until you become more savvy and learn how to trade with them and not just feed them.

The best method of due diligence is to go back and read as many old PRs as you can. Go back 5 years if possible. Do they all sound the same? Do they keep repeating failed guidance over and over to a new group of suckers?

Trust nobody and verify everything. Invest in something you know. If you don't know about the industry... start learning about it. When Sauer claimed to be certified... you should have learned where to go to verify this. You would have found they never even applied.

If you wouldn't buy it today, you shouldn't own it today. That is the most important thing to follow. If your reasons for buying changed... dump it. Too many people try to get back to even on a dog. Take your small loss and move on. You should never sit on dead money and face bigger and bigger losses. Admit you were wrong and move on to the next.

Good luck to you.
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