Good drivers always look further down the road while simultaneously checking side and rear view mirrors.
With respect to AMFE, it's well worth looking further ahead and having the perspective of seeing how far the company has come.
Having this mentality when AMFE hit mid .09's, and then ultimately retracing about 33% to .06, kept me holding long.
Having this mentality when AMFE hit .225 and then ultimately retracing about 33% to .14's, keeps me holding long, just as the previous time proved to be a rational decision at the time.
I choose to hold through these consolidation / retrace periods because I'm just not interested in trying to time entries and exits when my belief is that by holding long, I won't have to stress and worry over minute price fluctuations, when I should come out extremely happy over the long run.
I've been a heavy and active OTC day trader, more by necessity from some of the stocks that I trade (meaning if I don't want to hold bags, I HAVE to trade them actively).
However, if I find a stock that I feel I can hold and see explosive growth over a longer period of time, I'd much rather sit back and relax while that position slowly appreciates in value, rather work so hard to trade every day, grinding out gains and then having to discover the next... and constantly initiate new due diligence on a new stock that may be in a completely different sector than the one before, that I'd have to learn about to give myself the chance of a successful trade. It's a lot of hard time consuming work!
All of the above heavy active trading over the years has allowed me to recognize when I should hold onto a stock like AMFE. I've paid my dues, and now that I've found AMFE, it's time to just sit tight and see my position grow long term.
I still enjoy the hunt and the trade, but I don't need to be as active as I once was when I have a stock like AMFE in my portfolio doing the heavy lifting.
"Do the due diligence, do the simple math", is a popular statement around here. I echo these words to the fullest extent, and sincerely want to succeed alongside others here in AMFE! But success doesn't happen overnight. Please recognize what we all have here and be patient with the company and one another.
Go AMFE
Rec
