When you buy a stock you have to ask yourself first. Are you trading ( days ) or are you investing in this ( weeks or years) . Either way you do. 1. make a plan 2. know your technicals, the indicators, how long the uptrend and downtrend last etc history repeats itself. and 3. review your fundamentals. Do all of this even in penny stock!... Yesterday, Dow Jones, Nasdax and Amex are all down.. and some of you are expecting MYEC to be green??? seriously ?? this is investing or even trading 101.. no one doesn't even have to sell MYEC to make it go down. It is a trend. Some of you doesn't care because you only traded few hundred dollars, but really- they all add up.....I own different stocks asidefrom MYEC , even highly priced stock and they are all currently on a mind boggling red. Am I selling any of them ?..NO. because I have plans for each of them and Im sticking to it. . In fact , I am buying more for each of them, it is an opportunity!
It is not only when you enter and buy a stock that matters, because anytime you can ..But It is when you exit and sell a stock that matters more ... are you closing a trade on a loss or on a profit.?
I hope this helps.. I am Long and holding tight on MYEC.
