Right. The great thing is that you can only lose 100% of your investment. A very simple, and (IMO wise) strategy is to take the amount you're willing to invest, split it in half, and just invest 50% to start.
Even someone that invested 50% at .50 last summer...well, they can only lose 50% of their overall pool of money. A simple, and yes, it was simple as we knew how many shares Asher had and knew when they would dry up - so a very simple strategy, and one that would not have required quick fingers or super accurate timing, would have been to take that remaining 50% and buy back in, you know...the whole average down concept...say around .03.
Selling around .12 or .11, or say you're real slow catching on or indecisive and sold around .10....
Here comes the elementary school math.
- 50% bought at .50 and sold at .10 is a 80% loss, which means you have 10% of your total pool of money left
- 50% bought at .03 and sold at .10 is a 233% gain, which means you have 333% of your second investment, or 166% of your total pool of money
- add the two together, and round down for easier math: 175% ROI in a year's time.
Maybe not amazing for penny stocks, but umm...well, it just beats me how anyone thinks it's the company's fault that anybody's SMKY account is red.
