Replies to post #91999 on Xechem International Inc. (fka XKEM)

[Day Trdr Belle]

I guess like most, I have a strategy for big boards and one for pennies. My general rule is 15%. Win, or lose... 15% is my cut off, unless of course, a stock is moving really fast.

On pennies, I can't really hold to my rule entirely. I will hold true to my rule on a "quick, where did my money go, 15% loss." But I loosen the gain quite a bit on a runner. Many of times I took 40% only to watch it move to 100% or better. In those situations, I never look back at what could have been, other than to look at what could have been if I had not taken the 40%, and the stock tanked.

I am very content with small gains. It's much easier and more common to get to first base than to hit a homerun. I'll take the base very time. What say you? ;)