These are a lot like horse races. You keep rooting for the ones with potential until it wins or gets shot behind the stable. Not at all like blue chips or even value stocks
It helps to know the names in the race, and also to have some idea of their potential.
The idea behind speculating, the way someone once put it to me, is that rather than hoping to make 10% on 100% of your money, you are hoping to make 100% on 10% of your money (while the rest is safe and secure earning a safe rate of return).