This might be a silly post, but I can be very superstitious when it comes to my share trading and find when I change my strategy or belief I lose 99% of the time.
When I first starting trading I used to find any share I bought at the 14 or 14.5c mark would always be a loss for me. In two instances the companies went into liquidation. That was back in 2001, and since then when I paper trade shares in the 14 cent range I find they drop. More recently, ICG, MNE, DRK, CNO.
More recently I have been looking at shares in the 3 - 3.9 cent range and am getting the same vibe. I have traded some that have dropped into the 2c range looking for that bounce that never comes - RAI, TEG etc.
I researched shares over the last month and have found 3c breaks is a death knell for most.
RAU - 3.9c Now 1.9c (-51.28%) RAI - 3.8c Now 2.6c (-31.57%) TEG - 3.2c Now 1.8c (-43.75%) VOR - 3.1c Now 2.2c (-29.03%) EDE - 3.5c Now 1.7c (-51.42%) ZYL - 3.2c (highest close. Hit intraday high of 4.5c) Now 1.5c (-53.13%)
AS I said I know this post may sound silly to some, but personally I am getting very nervous buying stocks in the 3s or when they pull back to the 2s. Is there anyone else out ther this superstitious with their trades?
