Holding a small stock long is fine but if it spikes higher.
Then you hold it and it drops over 50%.
Now you have to hope it goes back up again sometime in the future.
Why put yourself in that situation. Sell it when it's spiking and buy it back after the drop if you like.
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ive been holding small positions, nothing like you, in certain small stocks to keep an eye on them and when they move i average up then sell them as close as what i think to be the peak, then set a limit buy position, maybe half the original one to leave myself room 4 averaging