CHEAP THING'S NOT GOOD, GOOD THING'S NOT CHEAP
I learned this a hard way from my Mrs. n also about the same time attending a program by world famous corporate motivator, Jim Rohn.
He said,
FOR THINGS TO CHANGE, U HAVE TO CHANGE.
FOR THINGS TO GET BETTER, U HAVE TO GET BETTER.
Most if not all newbies will enter stock mkt buying really 'cheap' penny stocks. n that is a very weak point to start. Worse still it can become habitual in life. That's why so many people will buy/jump in big at the mention of pennies.
Why do they want big # of lots for cheap stuff ? To show off in million of shares n have chance of bigger problem or to win more money.
All I ever know is, mkt will reward n recognize the humble.
My amorr lecturer said,
We must acquire good HABIT.
Take away the H u have A BIT
Take away the A u have B IT
Take away B u still have IT.
So let's make sure it is Good Habit for now.
U can grade stocks from A1, A2 to F9. Most people will design themselves out of A1 n A2 stocks. They will reject A1 n A2 stocks 1st, n thus the best biz of the cycle. They rather go big into C5, C6 penny stocks that some later on will end up as F9 = cheap thing's not good. Many A1, A2 r high rm $4 n above = good thing's not cheap, esply stocks just after achieving ATH zone of any price even selective penny stocks. These r usually high rewards at right.timing pts ripe for speculation.
Ever heard of somebody's children complaining inheriting "cheap penny assets" from their parent. n scolding their parent " stupid " for buying penny stocks !
After every meaningful selldown, the CI component stocks n the high liners above rm4 generally will outperform 1st. A week later the mid liners shall shine. On rotation the 3rd liners n pennies, r slow to react n might gain courage to show activities after 3-4 weeks of firm continuous steady mkt sentiment.
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