Clearly not for the faint at heart and surely not a place for a beginner! You can make a load of money with thinly traded cheap stocks but need some experience to come out a winner!
I have made more money with troubled companies than sound ones. Fountain Powerboat is one example. I traded that stock for more than three years in the mid 1990's before the bond holders took over the company and liquidated it! I trade aggressively with a small pool of cash. My serious money is invested for income. I have been trading the markets this way for more than 36 years now.
I have no idea how high stocks will go after I buy. I use a stop loss to exit on weakness as the stock is rising. I never get the lowest buy price or the highest sell price but with my discipline it is all but impossible to lose money.
Not true! My discipline is the same on the buy and sell side. I use stop orders to enter and exit my positions. The charts suggest the area of a turn but they don't always play out that way.
I've had great success trading AMBS, currently flat after selling last week at .39 profitably. This pullback should test the January 20 low of 19 cents. If that holds I will reposition on renewed strength for another trade with the test of 40 cents.
I'm back in as well. The key to making money with this stock is disciplined trading! Eventually buy and hold will work but I don't see it yet. The good news is AMBS provides multiple opportunities to double money several times a year if your nimble!
The biggest loss I ever took was in the first year of trading stocks. I held onto a story and didn't sell when I should have. Stories will make a homeless person out of an undisciplined investor!
You have much to learn about investing! The only person you have to blame is yourself by not having an exit plan before you bought into this stock.
I did the same thing with my early trading experience, 36 years ago! Eventually you will learn, as I have!
Even after today's pullback, this stock is up 233% over the past 6 trading sessions. It was expected to have some profit taking!