Followers | 237 |
Posts | 10817 |
Boards Moderated | 0 |
Alias Born | 07/17/2006 |
Wednesday, December 02, 2020 8:43:48 AM
Price movement. Unfortunately price movement does not provide a college education. Stock picking is more like playing the horses and not like poker. The winner will be revealed at the end of the race...and there is no bluffing. So the answer will be revealed it just wont be known until sometime after you put your money down. But the correct answer will be revealed..
So what is the proper method of playing the stock market...IMO the biggest factor boils down to whether you are playing the right side of an asymmetrical bet. Successful gamblers intuitively seek out asymmetrical bets and always play the right side.
Exro is an asymetrical bet.. Low share price... High potential.
All these internet odds by market hucksters. Claiming they got into Amazon when it was two bucks along with fifteen other equally profitable issues..and yet they still need to huck stock picks does support one truism..That is it is easier to bag a 50 bagger if you buy in at a dollar or less than if you buy stocks in the respectable 50$ to 100$ range..
Will Exro be a fifty bagger?? Who knows?? The point is that if you sell your shares because the price drops by 15 cents and you don't want to give back your meagre profits. You are going to be part of that army that goes around telling people how you blew a fortune by not holding. Same is true if you sell your shares because you sold when the stock was up fifty cents...
Profiting from an asymmetric bet like Like Exro...Calls for buy and hold...Which is difficult for most market players..The Great Jesse Livermore said it best..." I never made big money by "trading"..I always made it by sitting..
Good luck all...and don"t give up your Exro to anyone...
":>) JL
FEATURED Element79 Gold Corp Provides Update on Nevada Portfolio • Aug 23, 2024 8:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM