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The
"Play-it-Safe" method has been known by many different names,
but for lack of knowing it's real name, we'll call it the "Play-it-Safe"
method because that is what it is. This method avoids greed,
and allows you to play on someone else's dime (if done correctly).
The
method:
- Buy
a stock. Set a stop-loss order for 25%, or wherever you are comfortable.
This allows for room to escape if necessary.
- Hold
the stock until it doubles.
- Sell
1/2 your position to gain back your original investment.
- Play
the stock as long as you remain comfortable with it.
Using
this method, you can safely play the penny stocks without any
additional injuries! |