Question for you seasoned penny stock guys. If you’ve sat on a loser for a while, do you cut your losses when it gets closer to buy-in price, or do you roll the dice and hope for a gain? Hate to sell for no gain, but tired of looking at some of these that have not performed as expected.
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Originally posted by ShoootLow View PostQuestion for you seasoned penny stock guys. If you’ve sat on a loser for a while, do you cut your losses when it gets closer to buy-in price, or do you roll the dice and hope for a gain? Hate to sell for no gain, but tired of looking at some of these that have not performed as expected.
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Originally posted by ShoootLow View PostQuestion for you seasoned penny stock guys. If you’ve sat on a loser for a while, do you cut your losses when it gets closer to buy-in price, or do you roll the dice and hope for a gain? Hate to sell for no gain, but tired of looking at some of these that have not performed as expected.
IMO - I watched a loser for about 1.5years, and recently locked in a 1,500% gain on it. I had done a lot more due diligence and was bought in.
I’ve had other losers that I bought just to trade and have gotten out of to reinvest in something with better prospects. Guess it depends on whether investing for short or long term
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