Stock Trading -or- ReconSWS's Bane

[bellicose]

How are you guys trading on VPER? Fidelity says no.

[the_matrix_guy]

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.

VPER is up 50% without a news drop

[ghilliesuit]

bellicose congrats! Hopefully you took some out to realize some profit. I suspect this is short lived. I think it'll take more than Snoop D-O-double G to make it a long term hold. I'm holding for now. I got in on the way up so I'm not in doubled money range unfortunately

[bellicose]

I'm happily surprised. Darn near doubled my money in 3 days. Kind of wish I would have put something more serious in it.

[ghilliesuit]

Rusty Brass I don't have cable so its hard for me to time this haha. But I plan on going to bed with some sitting idle. Not a huge down side if collapses down to a few pennies.

[Rusty Brass]

Should be interesting to see what happens when the commercial airs.

[ghilliesuit]

Dogecoin is on a run if anyone's interested

[ghilliesuit]

I am curious to know what you guys think about NBEV. I am a complete amateur and have been sort of "pattern day trading" this for a while. (Pre-DFV/WSB) Making profit more often then not. I am, however, unskilled at assessing the fundamentals of companies. I was considering taking a small amount of disposable income (read "less than $100) and purchasing some calls. ($.20 @ 3.50. Obviously, not necessarily asking for a guarantee - but what kinds of things do you guys find as a personal Go - No Go check before pulling the trigger?

[ghilliesuit]

Your not stupid. Crypto has a unique property in that it can be used directly to pay for goods and services. Obviously, its value is subject to market fluctuations - same as any other investment - but it does allow for another exit strategy of buying something directly. Of course you can buy/sell too.

Whether it will reach a price point higher than bitcoin is just speculation. That being said, its not impossible.

Only invest with money you can afford to lose
Only invest with money you can afford to lose
Only invest with money you can afford to lose

[ghilliesuit]

Where is the loss porn screen shots???

[ghilliesuit]

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.

Diamond Hands.

[gabe]

Well yeah, we all knew GME was a pump and dump and honestly I think the majority of people behind it weren't in it for an altruistic reasons but to make a buck. There were some real idiots and others who just want to feel like they're part of something larger that bought in and I honestly feel sorry for them. BUT that's the game. The free market is a beautiful and savage beast and takes no prisoners. Those that bought at all time highs and are bagholding now learned a valuable lesson. The smart ones saw the peak and got out last week.

[bellicose]

Where do you usually do your research when playing with OTC?

[the_matrix_guy]

bellicose No, I dont risk much. I have a six figure portfolio of mostly big boy blue chip stocks. And then a $30k portfolio of just EMAN and OPTT. I dont risk more than I'm willing to lose on OTCs, so like 10-15k at a time on any given play per ticker. The key with OTC, and the whole market really, is not to get too greedy, play the momentum, secure profits, and if new developments emerge then jump back in and restart your position.

[Siress]

As a friend aptly put it: "really stickin' it to the man, buyin' up his shares like that"

https://www.cnbc.com/2021/02/05/game...ata-shows.html