RE:RE:Got rid of 1/2 my position at .175Jambon
When you can achieve a 75% gain in a very short period of time you would need to be stupid not to take it! I learned from experience years ago the smart money invests with the power of compounding in mind. The dumb investor is always looking for the 10 bagger! Yep you might get the odd one but 99% of the time you are still under water... If not with the 10 bagger but all the 10 baggers you tried to get lol.
Simply put my 75% gain is about a 1000% gain compounded annually so you see you hit the 10 bagger with much lower risk! You realize you can start with a measely 10k dollars and make just 5% a month and compounded over a 10 year period makes you a millionaire.
I remember my first two 10 baggers some years back! The first one had gone through 2 share consolidations first so when it became a 10 bagger I was still down almost 50% of my money lol. The other one I managed a double after it became the 10 bagger. That is what you call dumb investing needed to hit my head into the wall too many times before I learn to take the easy money when it comes your way. Since then I holiday a big portion of the year as I can trade from anywhere!