InvestorsHub Logo
Followers 2174
Posts 166949
Boards Moderated 10
Alias Born 09/08/2010

Re: joey3 post# 665

Saturday, 04/16/2011 9:44:10 PM

Saturday, April 16, 2011 9:44:10 PM

Post# of 55245
Joey3.... To be successful with investing in pennies is never put everything all in 1-2 stocks. Very risky as you might well be seeing. Smaller amounts in numerous ones and diversify. Also, the only way to lose money is if you sell. I know it is tough to hang onto something that one buys into and then it plummets. But once you sell you have no more shares and now a "Loss". If one does that over and over eventually you will have nothing left. I've learned that when one goes down to hang onto it for a bit and see if there is any further activity/upward bounce in the weeks ahead. If not I sell it. Key word to make it work is to diversify in many of these. I know we all like to put a ton in one stock when it is going up but on the flip side with that strategy we also lose a ton when it goes down. Hope this helps. GL.