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Originally Posted by MetaformX
Right, who said I will be listing penny stocks here?? If you were to read all my posts here(which obviously you did not), you would see that I emphatically stated that trading penny stocks is very risky, and I will not be listing my penny stock picks here since I know that most of the people on this board are not experienced traders.
And I am quite amused at the conclusion that you have arrived at, stating that "He waits to see the stock go up and then he buys into it hoping the momentum continues". All I can say to that is that If it was that easy, everyone would be doing it. But maybe your right, I bet Goldman Sachs could give you those 210% gains as well with their great buy and hold strategies. By the way, in a buy and hold, how long do you Hold till? Untill the company goes bankrupt?
You are right about one thing though, you should not take stock advice from someone on the Internet. This is why, if you were to actually read anything I said, you would see that I told everyone to follow my picks at the begining to see how they perform, and then do your own research, and then buy the picks after you have done your OWN research.
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You wrote that the MOST you lose on a stock is 2% because you put a stop loss in. Now you write that you will not post penny stocks on this board. You also wrote that when trading penny stocks you can have as little as $5,000. If someone only has $5,000 they can only trade penny stocks to make any kind of money.
It is IMPOSSIBLE to put a stop loss in on a penny stock. So when YOU buy a penny stock you can lose more than 2%. So by you writing that you can ONLY lose 2% is wrong.
The two stocks you mentioned in this thread are penny stocks. Why don't you list the last 20 stocks you have traded. I am not intereted if you made any money so their is no need to tell me how much money you made.
Now to answer your question about how long I hold a stock on a "buy & hold". Where did I write that I did hold a stock for a period of time?