weekend thoughts... i saw a video on twitter th
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Posted On: 02/16/2019 6:23:52 PM
weekend thoughts...
i saw a video on twitter this week of a trader literally in tears about some fake posts causing a dramatic price decline in a ticker they were advocating. it is a shame that happened because i do follow this trader, they post some good plays and give some good advice but that video didn't really sit well with me because my assumption is that the market is big enough that it is hard to pin a massive sell off on one person, so i had to reason that out.
all kinds of things can happen...especially on the OTC. Dilution, for example, is a fact of life. it is what fuels the OTC if you think about it. the vast majority of these companies couldn't survive without it. then there are the groups that pump out fake pr's on front loaded stocks, scamming ceo's, mm manipulation and on and on it goes. but we all know this, or we should. so why do we engage in this game??? because all of the above can create opportunity. so what was the opportunity here?? well, those traders that missed the beginning of this particular run got a second chance at it. good traders who were taking profits on the way up got a chance to reload and maybe do it all over again. so while it was an unfortunate and unfair thing to have happened, it was this "unfairness" of it that created the opportunity for those diligent enough to look for it and patient enough to wait for it and that just does not happen on a level playing field. i apologize if this bursts anyone's bubble but it is the nature of all things.
now, not every cloud like that has a silver lining but that's our job...to find the clouds that do have it. Then buy at the bottom of the price cycle ride it up and take profits(sound familiar???)...because we never know when the false stories will pop up, or the next round of dilution can start, or whatever other bad news can come out after hours to turn our profitable position into a massive loser. it's the risk we take. and it is up to each one of us individually to protect ourselves and our accounts from the unknown future. We won't win every single time out. Risk is the name of the game. Either learn to manage it and use it to your advantage or cry about it later. The choice is yours, and the moral of this little rambling is...
there's no crying in baseball...or the OTC.
i saw a video on twitter this week of a trader literally in tears about some fake posts causing a dramatic price decline in a ticker they were advocating. it is a shame that happened because i do follow this trader, they post some good plays and give some good advice but that video didn't really sit well with me because my assumption is that the market is big enough that it is hard to pin a massive sell off on one person, so i had to reason that out.
all kinds of things can happen...especially on the OTC. Dilution, for example, is a fact of life. it is what fuels the OTC if you think about it. the vast majority of these companies couldn't survive without it. then there are the groups that pump out fake pr's on front loaded stocks, scamming ceo's, mm manipulation and on and on it goes. but we all know this, or we should. so why do we engage in this game??? because all of the above can create opportunity. so what was the opportunity here?? well, those traders that missed the beginning of this particular run got a second chance at it. good traders who were taking profits on the way up got a chance to reload and maybe do it all over again. so while it was an unfortunate and unfair thing to have happened, it was this "unfairness" of it that created the opportunity for those diligent enough to look for it and patient enough to wait for it and that just does not happen on a level playing field. i apologize if this bursts anyone's bubble but it is the nature of all things.
now, not every cloud like that has a silver lining but that's our job...to find the clouds that do have it. Then buy at the bottom of the price cycle ride it up and take profits(sound familiar???)...because we never know when the false stories will pop up, or the next round of dilution can start, or whatever other bad news can come out after hours to turn our profitable position into a massive loser. it's the risk we take. and it is up to each one of us individually to protect ourselves and our accounts from the unknown future. We won't win every single time out. Risk is the name of the game. Either learn to manage it and use it to your advantage or cry about it later. The choice is yours, and the moral of this little rambling is...
there's no crying in baseball...or the OTC.
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All posts reflect my ignorance and opinions and should be regarded as such. I am first and foremost on a spiritual journey and trading is just a game. The money is only for keeping score.