Posted On: 09/27/2016 5:12:03 PM
Post# of 8802
I am a TALK long that has held since first purchase at .0002 and added a bit along the way. However, when the BK news hit I felt like an idiot when my position went back to even (or maybe red). Like ZAMMMMM, I just kind of went into "Oh well, no point in selling now mode". It was a great example of completely having no plan going into this trade so I can't really be rejoicing much right now.
OTCs are so difficult for me to trade. It's completely psychological. I get sucked in on exciting news and then I never want to sell because I always feel like selling a few million shares of something now might become a huge regret later. Will TALK go to .01 tomorrow? Probably not. But is it possible that could happen in a few years? Yes. Then my 2.2M sh are worth 20K which makes up for 20 other bad trades that I might have bought and held in the OTC that went down the crapper. So there's still no point in selling it now for a few thousand in profit.
I would be interested to hear the honest strategies of other non-flippers like me. For example, when you get it right, is there an optimal point at which you recoup your initial investment and take a free ride on the rest of the shares?
OTCs are so difficult for me to trade. It's completely psychological. I get sucked in on exciting news and then I never want to sell because I always feel like selling a few million shares of something now might become a huge regret later. Will TALK go to .01 tomorrow? Probably not. But is it possible that could happen in a few years? Yes. Then my 2.2M sh are worth 20K which makes up for 20 other bad trades that I might have bought and held in the OTC that went down the crapper. So there's still no point in selling it now for a few thousand in profit.
I would be interested to hear the honest strategies of other non-flippers like me. For example, when you get it right, is there an optimal point at which you recoup your initial investment and take a free ride on the rest of the shares?
(2)
(0)
