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chadradbad

12/14/14 7:05 PM

#33962 RE: cbailey13 #33959

One thing that I have started to realize especially in the sub penny range is there is little to no floor on the pps on most tickers anyways. Most of them dilute. The most safe entry is on news. Trying to time the bottom is very hard. Every play for me so far this year I was down 50% or more until good news hit. I am done with buying and holding sub pennys only buying on momentum from now on! That's my opinion anyways. Hopefully you find a strategy that works for you.
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Garyst

12/14/14 10:57 PM

#33966 RE: cbailey13 #33959

Like you said in your other post also.... it's not that we all pick bad plays but many times where we all go wrong is when we have a gain (even small) we hold thinking it is going to go higher and then get caught in the trap when it falls thinking it will rise back up. The two main killers out there are dilution and some of those plays with a very large # of outstanding shares. The best thing to do is take smaller gains but trade more frequently and in the end things add up better that way versus waiting for a large hit on just one play.