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Ice Cold Traders
Posted On: 12/06/2012 2:46:53 PM
Post# of 474
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Posted By: coolnapz
Re: hyrpowr #330

Nice. No, I don't look to average up. I will average down, take profits, but as a matter of habit I don't buy higher. Realize that all these small plays can blow out your account if you are not careful. Also, they tend to have their rallies and then once the party is over it might get a second or 3rd wind but you have to know it's time to get going.


See CMGO. I rode that thing many times but left a lot on the table by bailing 2.5 to 3 cents back in the summer. It's sputtered a few times since then but is now back under a penny. When I make my multibagger gains in these risky little trades it's usually one and done for me.


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