Domer,
just in general:
Dont chase subs that are up several 100%% in the past days. Yes some go on and make another 100% the next day, and No, you are not likely to catch one. Your buy of FXGP was a classic mistake, everybody has made those, but they are fatal.
Cut your losses, every tick on a sub can mean between 5-10% gains or losses. Try to pick a bottom. BB is very good at this, go with his chart analyses and learn T/A yourself. If you jump in one that has huge volume and runs, get out quickly, and if it doesnt run higher, get out even more quickly.
If you buy a sub that hasnt moved in a while and that noone is talking about, you are likely to have a future winner. I just bought TRBY this week, I did an Ihub scan and saw only one more guy was posting on it, volume was very low, and the chart looked bottomed. I bought at .0074, and now I am up 50% already, and it hasnt been really played yet. MMs cant scare me out now, cause I picked the bottom, and even if they shake it, it should not go back to my entry point soon.
However, if you get in a sub (or penny) that everybody is posting on, that has huge volume and that is running already, be aware that alll those people already own shares of this one. And they will take profits at some point. Those "stealth traders" who picked the bottom are not the problem, they are too few. But the herd of momentum scalpers flip a huge amount of shares, and once they sell, the price will go down substantially.
Re IDGE I was very disappointed with yesterday action, there was no follow up volume. I am holding freebies here, so I am not worried. IDGE was one of your better buys, the chart looked ready for a multi day move. But also, I would have bailed when the stock wasnt able to recover from the open dip, you would have filled a sell in the high .008s to .0092. Apply intraday charting to define proper entries and exits for momo plays, and get a feeling how to play. I hope it runs again for us, o/s is very low. But no need to get stuck with your precious capital in a dying play, so many runners, take a small loss and move on.
I hope that helped.
