MrLucky, Far be it for me to try to tell YOU how to invest YOUR money.
But if you read any good book on investing you will quickly learn that the #1 goal of the investor SHOULD ALWAYS BE:
Capital Preservation.
If you concentrate your money you are compounding the risk. And if you lose all of your money on one play, then GAME OVER. Obviously, you have to stay in the game in order to win.
Your method might work fine with Blue Chips, especially those that pay dividends. Blue Chips hardly ever go to zero.
But doing so on a penny stock is like playing Russian Roulette. If you happen to win one time it is just going to set you up to lose the next time. The so called "technique" you are using is called "trying to buy a win". It just doesn't work for long.
I do understand that if you're just starting out and have very little capital then you almost have to do it that way. But in general terms it just isn't a good idea. I suppose the point is that you need to understand the concept of "strategy", adopt one, and evolve it over time toward taking on LESS risk as you become more proficient.
I am really NOT in the business of giving financial advice. I would really like to see you win on your investments. I would like to see everyone win. But trying to learn investing in penny stocks is one of the toughest environments there is. So be the student and always be very cautious.
Good Luck.
CH, sorry for this OT post, but I have almost exhausted my daily free-15 so I'll be leaving now.
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