Stock Trading -or- ReconSWS's Bane

[bellicose]

If you don't mind me asking, do you put just fun money into OTCs or do you put in a lot?

[Axel]

Browncoin to the moon! Make it so!

[Flounder]

MCB coin. Used for paintball transactions.

[the_matrix_guy]

OTCs are a bad idea now it's too late, you want to be the one with the 1000% selling into people buying now. I remember the weed OTCs did the same thing, I even held one at 1200% gains, did my due diligence, believed in the company, held it to 1000%, held it to 500%, held it to 100%, held it to -99.9999% lmao.

One day, I will average it down maybe, but this is the cost you will pay for playing OTCs now. You will have to eventually average into the -99%, if you believe in the company and did your DD.

As a general rule of thumb: Yes. OTC companies are garbage generally speaking. You have to get in early, but not all of them are pump and dumps. Every co has to start somewhere. I was playing momentum mostly and I dont get too greedy. In fact, I rode INKW from .02 to .07, and the following day it kept surging to .13 before dropping back to 07 but I still made great money. Do your DD on VPER, and BMIX. BMIX has two exploration permits for lithium, if they make any kind of announcement regarding lithium, forget it. You're looking at 10,000%+. BRLL went from a fraction of a penny to .18 and its holding too. Hasnt even retraced. VPER went from fractions of a penny to .02, and its consolidating with bullish accumulation and buying pressure. But for the most part you just gotta play the momentum and not get too greeedy. every ticker has to consolidate even if its a good company. So if its a good company then you'll have time to get back on the train.

Anyway, i'll be back to tell you how it went with VPER. It's the only OTC Im holding, currently. It has pending news on several fronts as I mentioned.

[ReconSWS]

unless you do your DD and believe in the company's potential

OTCs are a bad idea now it's too late, you want to be the one with the 1000% selling into people buying now. I remember the weed OTCs did the same thing, I even held one at 1200% gains, did my due diligence, believed in the company, held it to 1000%, held it to 500%, held it to 100%, held it to -99.9999% lmao.

One day, I will average it down maybe, but this is the cost you will pay for playing OTCs now. You will have to eventually average into the -99%, if you believe in the company and did your DD.

[the_matrix_guy]

OTC has been on fire these past couple of weeks. Made a killing in BRLL, BMIX, INKW, and now looking for VPER to explode. But theres been dozens of major runs in OTC these past couple of weeks, I'm talking 1000%+ runs, and not all of them dumped, some are consolidating and looking to run more. Obviously these should be looked at as momentum plays unless you do your DD and believe in the company's potential. Not all of them are current. VPER insiders have been tweeting about pending announcements including a financial report to become current. Technically, it was very strong all week, and closed strong yesterday with strong accumulation, should run more, IMO.

I'm still in EMAN AND OPTT, those are small caps with very strong core competencies and improving fundamentals, both have textbook uptrends with a lot of upside still.

[Rusty Brass]

Anyone getting serious into crypto? I've been playing around on Robinhood, buying DOGE with pocket change, but after looking into it a little further I'm getting tempted to throw some real cash at Ethereum. It seems like it's actually useful for something other than paying hacker ransoms or the international arms/drug markets... Am I stupid for thinking it will be bigger than Bitcoin? Because it really looks like it'll be bigger than Bitcoin...

[Axel]

Downturns ain't nothing but stocks on sale, baby 😎

[Axel]

"Market is over-due for a correction."

It seems that way, but people have been saying this since 2016 or 17 at least, and even the pullback in Feb/Mar last year just bounced right back. Anyone who predicted a recession and pulled out of stocks missed out on some crazy returns the last few years.

[gabe]

'Time in the market,' not 'timing the market.'

100000000% YASSSSS. Everyone was sure we were due for a correction every single year since I began investing in 2018. I held through the Christmas 2018 crash, 2020 pandemic and now have 20% annual gains to show for it. Invest early, invest often.....

BTFD

[Siress]

I occasionally talk to a guy that, AFAIK, has been holding onto his cash in a savings account waiting for a 'crash' or market correction since the dip last Feb. By my estimate, he's lost ~30% earnings. We're all in for a real bad time if he makes good on this strategy. Meanwhile, I've done nothing... Literally nothing. I only log into my accounts to get legal forms/statements or deal with migrations. And yet, I spend time thinking about it because I cannot help but to think about it.... haha

Lesson #?
'Time in the market,' not 'timing the market.'

[bellicose]

I'd love to be a 40% loss on GME. I jumped on the meme wagon at the just about the worst time.

[Sharkytrav]

According to Entrepreneur.com, it is as easy a 1,2,3.....4,5,6,7,8

#8 Steps to Build a Blockchain Solution
Step 1: Identify a Suitable Use-case. ...
Step 2: Identify the Most Suitable Consensus Mechanism. ...
Step 3: Identify the Most Suitable Platform. ...
Step 4: Designing the Nodes. ...
Step 5: Design the Blockchain Instance. ...
Step 6: Building the APIs. ...
Step 7: Design the Admin and User Interface. ...
Step 8: Adding Future Tech.


So yeah that seems pretty straightforward. Have at it!

[Rusty Brass]

Lol. Uhhh, no. Abstract math makes my head spin - I am nowhere near that smart. If you need someone to mint a physical coin I'd be delighted to give it my half-assed best though

[bellicose]

That sounds like a great tactic to make money, Rusty. We should start our own crypto.