Great post as always and I enjoy these type posts in particular, Thank You!
I got sold on trading some penny stocks in my 20's. It was a lot of fun for a few months then my cockiness got the better of me and I washed away my profits and most of my initial investment. After that I just kept focus on my normal/boring strategy, writing covered calls on low PE, high dividend stocks at the like Avon Product, Westinghouse, etc...... Very boring but much safer.
Look forward to your to be continued.....
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That is a great strategy and one to use once you have money... for my young self I was just trying to grow what little I had :)
It's not near as fun of a strategy thought. When I was 22 I got my annual bonus of $6,700. from my job and thought I knew what I was doing when I bought calls on $250,000. worth of Tandy expecting it to do what it had done the golden quarter in the past. Lost it all :-( for being a greedy cocky preppy. Good thing I didn't have a wife to answer to yet.