| Author | Message | ||
     Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3138 Registered: 05-2011 Posted From: 65.35.45.47 Rating: N/A |
Bro.. This is not even about holding that many penny stocks. It's fine as long as it aligns with your risk appetite. It's the trade strategy that ultimately matters. Entry points, position and portion sizing/frequency, exit and hold strategies. Stocks don't move in straight line. PLUG was under $15 exactly 3 months ago. Now instead of hitting $73 on Jan 13th and pulling back and trading at $61 today, lets assume if it moved in straight line without pullbacks and trading at only $45 today, every single person would be in profits no matter whatever date they took a position in the last 3 months. Even though it is trading way above $45 today, there are quite a few people who are down because they entered above $61. The initial gains is so important when you enter a potential multibagger. you need to act like a most stingy person on the earth in this phase. Only then you will be able to ride these home without worrying whenever there is a pullback |