Replies to post #1118 on Enzymes Of America Hldg. Corp. (fka ENZH)

[MOMO]

well said legalegaltx!

[proteinspike]

Basically it's good advice in the face of pumpers who are trying to get everyone to hang on like it was the next MSFT(which used to be a penny stock).

If you're not prepared to move when the market does you're gonna lose money.

[doogdilinger]

Yep sometimes the biggest disappointments come from watching paper profits go poof because there were no planned exit strategies in place!

Everyone should always plan their exit strategies accordingly...this means selling portions on the way up to get to that profitable free position that makes u most comfortable regardless of what happens next.

Even after a decade of playing in this pos-land casino I still allow my greed to get the better of me from time to time...meaning that I will sometimes not lock in at a planned certain point only to watch my paper profits evaporate the next day or week.

There's tons of ways to lock in profits & still keep a portion to ride free...I never simply sell half when I'm up 100%...every table runs differently...& the momo/hype factor is always a key part of the market dynamics in play...ENZH was a 2 day 25 bagger for some(right MOMO lol)...so always have your exit strategies in place & you will always protect your profits from one table to the next.

And always remember that no-one wins every time...if you can achieve a 70% success ratio you're doing great...learning how to take profit is just as is important as learning how to sell when you make the wrong bet.

cheers:)