You're wise beyond your investing experience Wildcat 23, but always keep in mind, the long term philosophy (which I personally am an advocate of) is especially applicable to quality seasoned issues: blue chips and quality established growth stocks, but not for trading vehicles. It personally took me awhile when I was first learning the rules of the "game" many years ago to grasp the distinction. In reality, most inexperienced market participants don't understand this distinction and will ride them all the way down. GLTU.
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