This is how I've always made money and doubled down on winners. You put in a small open investment and this then encourages and ensures you then follow the stock and research it carefully. Then as it progresses you average up until you hold a sizable parcel. Then you just watch and hope. Often it falls over and you sell out at breakeven or you take a loss. But sometimes you just sit and watch as your investment doubles, triples or ten bags.
But you never watch it capitulate. You man up, take a loss and move on. Sitting on a dud for years is the worst trade you'll ever make.
Noone ten bags every investment, despite what Twitter and the forums suggest. You need to hold on and back your winners to end up ahead. You only need a few to go nuts and you live a comfy lifestyle. The only comfy lifestyles Norwood provide are to the directors and if you're a holder, you're the ones providing it.
NOR Price at posting:
2.5¢ Sentiment: Sell Disclosure: Not Held
