posted
I am curious as to how people determine their position size on penny picks.
For instance lets say you have 100,000 to invest. How much (on average) would you wager on each penny pick.
What kind of reward are you looking for. Do you want a double that day or do you buy really low and play the waiting game?
Myself, I wager between 2-5% of my total portfolio on each pick...probably way to agressive. Granted I usually only allow a 10-15% drop before trying to get out. Howver if the bottom falls out, like aurc today, then I opt to become a bag holder for the next spike....oh how this sucks...LOL
posted
I usually throw everything in 1 pick. If you hit one like PGPM, it pays off everything else you've done and then some. If a stock drops 10%, bail unless you know it will rebound or good news is on the way. But never fall in love with a stock. Be ready to sell for the next momo.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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posted
I play 3-4 picks at a time....$1000 or so per pick. I am happy to get out with 25-30%...although I always continue to watch a srock after selling thinkin"man should have hold"....but in the big picture take your profits when you can..
posted
For me I like to go in all or nothing. Thats the only way I like to invest in pennyland. I find it that if i spread out my money in 4 or 5 penny stocks, all it does is just lose me money in the overall picture so i just tend to make my bet on one stock i feel will do very well for me.
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