|
I think what Rmtt and many other have figured out that the current market has a whole new opportunity. There have been a massive number of new investors with covid. They are mostly inexperienced with very little money in the market on average. They are emotional, run on news, fomo and then fear. It allows these penny stocks surrounding covid to be very volatile and a great way to make money if you research and find upcoming catalysts. I am a newb and have stated that many times. I am following others around and scooping up the crumbs. I'll keep scooping them as long as they are around. I keep my money spread out over 5-7 positions averaging $2-$3k per position. I average down when I have funds to do so and step out sideways if I lose faith. When one spikes I will sell 50% even if I still like the stock or 100% if I think it was just a pump.
Account balance may be zero by weeks end but so far it is working well and by far outperforming any other investments that I have.
|