Sunday, August 20, 2017 10:59:49 PM
You have to read a lot. It can take me a month to pick a company - longer than some hold an OTC stock. Sometimes, I'll take a small position if it looks good, but just wait until I see if it can move before I add to it. My first purchases on BVTK were at .0006 in early May. I bought some at several points after that as well, because things looked better and better, and I was in the green on my original. Finally got it up to 33M because it looked better and better. Then sold 3M to break even.
Some don't pan out. Some go red and fall down. My rule on those is that if it falls 50%, sell it all. But even that rule is not followed in every case. Sometimes, I'll sell a portion of a position to reduce the loss percentage IF and ONLY IF I think it still has that 10-bagger potential.
If there were a set of rules we could follow to get rich, that is what we would all be doing...so the one rule that is always true is to learn the company better than its employees. Read everything. And...THINK!
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