Yes, just like gambling. Rule #1 - Only bet what you can afford to lose. Or better, are prepared to lose.
Just remembered I actually had CSX 4 years ago, briefly. Bought it @ $2.00 after it bounced from the plunge, but then there was no follow-through, and after about 6 weeks I sold it @ $1.77.
It didn't do what it was supposed to, so I dumped it like a troublesome girlfriend.
And that's how you have to treat spec stocks. No attachment. If the trade doesn't work out, get out. In fact I gave it too long, but it didn't cost me much. On to something better.
Patience can work out sometimes, but gotta keep in mind it's not Coca-Cola Co, and you're not Warren Buffett, lol.
