Replies to post #5 on Hippie Trader's Penny Hunt

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I think the biggest defense against this happening to you is never hold a penny stock for any length of time. If you have a chance to get in a "hot" penny stock and have a chance to get out GREEN that same day is your safest bet in this volatile market. More often than not peeps looking for the huge gains usually find themselves holding the bags. Taking a 2%, 5%, 15%, 30% gains time over time will make you very wealthy. I very very successful trader once told me this about trying to find a top of a penny stock...

"People looking for the top to sell their penny stock usually find the bottom of that penny stock"

Taking profits no matter how small is safe money in the bank.