One of my trades within the last two and a half month was CHFS. I bought this two months ago right before they changed the company name. Me not knowing to much about trading and jumping right into it was probably the worst idea and the greatest of luck for me. So I bought it at its 52 week low @ .63. Terrible idea, so over the last two months I've been watching it go down .5 and then up .2 back and forth. Remind you I bought 10,000 shares which was almost my whole account, so a penny move either way was crucial. I wanted to get out at .73 and it never happened until I saw the news yesterday and then decided to hold because of the action. This morning I bought 3,000 more at 1.20 and sold all my shares at 1.52. So lucky, everyday since I bought that stock ive been watching Tim's videos and really focusing on my plan and sticking to it....what a world of difference...TIM YOUR THE BEST.
"Hold and hope is not a strategy," is one of Tim's frequent sayings. You got lucky on this one. His other saying and #1 rule is "Cut losses quickly." No way you should be holding a pennystock for two months praying it will come back. Congrats on getting out with a profit but you will learn from Tim that you are trading against two of his main rules....
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