No, not necessarily. Watch like a hawk & bale/bail when price goes down to whatever % you set your loss at. Get to $0.70, set your sell price at say $0.65 and you're gone. All the gurus I've read say protect against losses.... #1 rule by far.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.