I just started playing a few penny stocks here and there. So far, not doing very well. I missed one last week, ATHI. I got a tip the day before that it might be a good one, but I sat it out. It opened at $1.10 and went as high as $12 during the day before closing
back at 5 something. I wish I'd bought my entire retirement accounts worth of that one at open....but I didn't, so I missed it. The few I have played recently, I've mostly lost on or got out with small enough profits to not be worth it, but I'm only playing
$200-$300 at a time. My biggest loser is ECEZ, which I've taken an 83% haircut on so far. I didn't get out in time and now I'm still sitting on it, hoping it'll go back up. I only have about $50 more to lose, so I figure I'll wait it out and see if it goes back up
or ride it all the way down. What's losing $50 more at this point. You haven't actually lost it til you sell it. Lesson learned though...cut your losses early and move on if you miss the pop.