I took a similar approach in BTHB with IBD stocks mixed with FTK and a couple of others, but got really hurt by subsequent trades for microcaps. I think I traded something like LULU for API around 2.20 (now around .75), and got into FKWL and CNTF later on. The only really bad large cap pick was Netflix, and if I just traded out of it for AAPL or GOOG, I think I'd have a shot at +30%+ instead of -22%.
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