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Wednesday, May 29, 2019 8:32:48 PM
First off, calm down and give the medicine cabinet a good once over. I understand the question fairly well so let me try to help in some small way.
There are three very real emotions going on here. Fear of loss, greed and oh ya, fear of loss. Ok, make it two.
Let's look at fear of loss first. "if I don't sell at level X I may loose it all or a big portion of my position."
Back up just a moment and ask yourself why you bought this stock in the first place. Or even better, like me, why did I/you go in so heavy in this one particular stock? The answer has not changed one bit.
It was the Due Diligence you did along with so many others!
How many OTC stocks in the last five years have you felt this comfortable with? Hello...
Now a quick peak at the greed factor. I'll use myself first as an example. Some months back I put in a GTC on Street Smart Edge for .0900 sell for 100K. Ok, a quick $900.00 scoobie snacks. That's fun, a small amount off my pile. A few weeks later I saw what was happening and I canceled that order. When we hit 5 cents that stupid maneuver would have cost me $4,100.00 dollars and just then, my undies bunched up.
The greed factor works in both directions. Don't let yourself get caught up in when to sell and for what price. Let the market tell you when it's time to take some scoobie snacks. You may not find another OTC stock like this in years! Greed is ok when you find that diamond in the rough, let it run.
Where is this stock going? Who the hell knows! just hang on and enjoy the ride. This could very well be life changing.
VRUS LONG
SierraTrader
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