Not really my personal definition. Terminology that I've noticed over the years of visiting messageboards, social media, etc. Read Sheff's intro.
I won't insult people by calling them an idiot. I see that as childish. Don't mistake my use of your nomenclature in quotes as me agreeing to the use of the word. I was being a little facetious. I will just say that not having a plan and being greedy is not wise regardless of where you put your money.
There are many traders mostly deal with OTC stocks and make a lot of money. Hell, Sheff has made a lot money in OTC sector in his early years. I'd say he's a pretty smart guy. I've seen major pharmaceutical companies partner with OTC companies. They see some of these OTC companies as engines for portfolio growth.
OTC stocks are just considered to be higher risk. I've seen stocks move from the OTC sector to the major exchanges because they had good management and a solid product/portfolio. They contain more scams than major exchanges, but that doesn't mean they are all scams. That type of generalization is like saying all stocks on major exchanges are safe and aren't scamming people.
Tiers matter to a degree. It is important to know if a company does report to the SEC or not, as NRTI investors have found out. Companies that report to the SEC do receive more attention from accredited investors and have the potential to receive less toxic financing. That is usually not the case with Pink Sheet stocks.
Your apples to oranges comparison of slots vs stocks really doesn't apply. I just gave you examples where understanding catalysts can be beneficial regardless of the exchange a stock is on. I'll go out on a limb and say most people wouldn't consider someone an "idiot" if they can walk away with substantial returns on a trade. If you can divorce emotion from your decisions and rely on analysis, then you should be able to make money regardless of the exchange.
My posts are solely my opinion unless presented with (or directed to) factual information. All investors are strongly encouraged by myself to do their own due diligence before making an investment decision.
