Thanks IR on reading following on ASKH and hope you don't me mind posting it here. Needed to read this after what happened with UPIN. Gut wrenching seeing that happen for no reason it seems. Hoping for a turn around at UPIN. Seems the low floaters tend to have big swings up or down, just wondering when one should exit out on the big move? You mention Livermore. Is there a book he wrote to read up on?
From ASKH
RM/Low floaters in play, generally require lots of patience before the real move transpires. Hence, most get faked out and watch the real move in disbelief.
CLHI couldn't get over a dime for the longest time, yet when it did, hello $2.48 wink
DCGD was never going over a penny, yet when it did $$$$$.
TSNP was never going to break .01, yet when it did hello $2.00.
Sadly, many here will sell out of ASKH at .20-.25, and then "IF" all the stars align and we see my targets, they will be scarred for quite some time thinking of what could have been.
Livermore was clear; "it was never my thinking that made the big $$$$$ for me, it was always my SITTING."
My now famous experience with PLUG(once upon a time), and my "FEAR" based sell cost me literally millions of $$$$$, and i am only talking about when it hit $11.78, forget what it did in the past year.
Not all of us on these forums are here to blow smoke up each others rear ends, some of us are here to share real life trading knowledge/experience that has been acquired over many decades.
Personally, i have been in this game 42 years and my experience cannot be acquired from google, youtube, twitter, or any trading FURU (sorry Tim, Nate, Ross, Bao,lmao), it has to be lived in real life in real time.
smile
P.S
IMHO, when a RM/Low Floater with a CATALYST(verified or not, it's irrelevant to the price action) is in play, load any panic dip as GASE was a perfect example as well as GMER recently, and UPIN today wink
The best trades are the ones you FEAR the most, and the ones that will cost you everything are the ones that you go to bed at night beating your chest(manscaped of course lol) like Tarzan..
Imho smile
