Don’t fall in love with your penny stocks.  Remember this blog is all about penny stock trading not penny stock love.  This is sort of a crass way to put it but you need to approach penny stock trading as if every stock is a one night stand.  You are interested in the pleasure that it can provide for you.  You are not interested in a long term relationships.

I have run into many people over the years that have an emotional attachment to the stock picks.  They feel that it is some slight on their character if their stock pick goes awry.  Do not fall in love with your penny stock picks or fall in love with your “ability” to pick penny stocks.  It will go badly for you if you do.  You have been warned.  As I mentioned in a previous post these are not penny stock investments.

How many times have you or someone you know fallen in love with a stock at $4.  When it fell to $3 you just had to add more because it is such a great company.  It is not being valued correctly, the shorts are in control, etc.  At $2 it is a steal.  So you load up.  You love this stock pick.  Everyone else must have blinders on.  When it hits $1 you can no longer stand the pain and you take a major loss.  All because you fell in love with a dog.

Look, penny stocks are by their very nature dogs.  Don’t try to pretty them up.  Treat them for what they are.  Get pleasure from them when they treat you right.  If they turn against you then dump them and get out.  It is not worth the risk.  Don’t fall in love with your Penny Stock Picks.