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Re: jonnyd91 post# 1042

Wednesday, 02/09/2011 3:18:41 PM

Wednesday, February 09, 2011 3:18:41 PM

Post# of 92285
There are several selling strategies used. Here's what I do with promoted stocks: If they go up fast, I use a stop limit and try to keep it at about ten percent below the current bid. If they go up slow or over a few days, I increase my percentage to fifteen percent so I don't get bumped too early (still do sometimes, but that's investing). If a stock increases by 100% and is still going, I sell half and leave the rest for long term. That way I get my investment back and only risk my earnings. I sell long-term stocks when my experience tells me there isn't a reasonable chance for more earnings. With this stock, I'm still in and hope to see at least .05. More would be great. The final price will depend on the company doing the R/M. Could go to .20 or more. We just have to wait and see. I advise you to search for free training. Several good programs are out there (try stockhideout). However, keep in mind that promoters are ADVERTISERS. They don't exactly lie, they just spout the most optimistic scenario possible. Most of them though don't want you to lose. If you do, you will quit buying their picks. They spend GOBS of money getting new subscribers because so many people lose money and quit trading. This is actually part of the cycle penny stock investing goes through. For most people, it takes about a year to learn how to make money. Hang in there!!