Hey there, meant to reply to your post earlier but completely forgot.
As far as I know, the only point of buying a stock is to sell it later... hopefully at a profit. It's just a number in cyberspace unless you're getting paid cash dividends and lots of it(not the worthless spinoffs), your gains on paper are just gains on paper until the time you sell it.
Try to recover your initial costs the very first chance you get. If you invest $2000, and the stock goes up 20% ~ 100%, be surprised that a stinky pinky actually made it's run so soon and sell some. Nothing beats riding on free shares. What's the point of holding on to a penny piece of s** that has no financials, earnings reports, unless of course the CEO can show a really promising business plan such as inventing a cure for Aids and has an actual patent # and a product to prove it.
As for knowing when to fold... If it is a losing game, just trade based on technicals with the intent of getting out asap. It costs you exactly the same to buy another winning stock just the same as selling a losing stock. How do you know if it's a losing game in the short run/long run? Well, is it a pump dump scam? is the CEO a convicted stock fraud felon? do insiders pump on message boards? You can surely make money on pump and dump scams, many people do... but I'd be very careful... not to mention tucking that conscience under the rug...
If it's a rock bottom .0001 stock that has shown some hint of healthy life, apparently reducing the overall outstanding shares, and promises to deliver, then I don't see how investing a few thousand can hurt. Multibaggers can take a very long time to happen though... but it does happen from time to time depending on your luck. Funny thing is, it doesn't always have to be a legitimate product, service, or even a legitimate company to make that big run. LOL
Anyway, hope you're still dreaming of skiing with the 3 gorgeous babes. Just might come true.
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