$VCPS is not failed until it is resolved or sold. It's not looking good now, but it's not resolved yet. I also do not sit on penny stocks a long time usually, as my past avg hold time is 2 - 2.5 weeks with avg net gain of 86% per trade (including losses)... But anyhow, occasionally one stock trade takes longer than usual--- It's part of reality of trading.
Even if later on $VCPS does fail on my 2nd entry attempt, you are putting too much emphasis on it because you are not understanding my allocation & risk/rewards strategy, with all due respect.
You are are apparently missing my strategy in regards to allocation with applied risk/reward per trade. Look over my e-mails or what I posted here.
No one should get "wiped out" on one trade if people follow my subpenny strategy.
I have posted about my strategy many times in the past (along with in my e-mails), so this should not even be a debate that we are having here.
The way I trade subpenny stocks allows for some losses as a consequence to be less significant because of the risk/reward ratio strategy I promote on them & because of the standard of even allocation amount per trade (whether one at a time or 3-4 at a time). In any event, losses are part of reality of trading. No one is 100% right all the time.
What makes one trader better than others is not simply % rate of profitable trades, but also how a trader applies a strategy while trading that can be a huge difference. The best trading will apply a disciplined strategy that makes a loss less significant when it happens & that overall affects the trading outcomes (respective of % rate of profitability)
Most people load up on one stock at a time with excessive risk, particularly when it comes to subpenny stocks.
***Instead, I promote a strategy of lower risk per trade and an even spread out allocation among all the trades. When a loss occurs it is usually insignificant because of that.
Look at my trades sold from just late July - August 1 alone. OPMZ lost -50% or more on an individual basis, but if anyone followed my strategy of allocation, etc, then the loss was insignificant and the net gains were huge despite OPMZ.
Please go look at the results applied with $300 per trade, for example, that I have posted here, then you should see things better and perhaps you will be less critical of me, ok?
Perhaps your extended break of many months has made you forget how I trade these.
Please re-evaluate how you think of what I do here after you review my strategy info & stats.
***Go to my 'Profile' for more information on following me***
