InvestorsHub Logo
Followers 0
Posts 4
Boards Moderated 0
Alias Born 07/16/2020

Re: StockItOut post# 2454

Wednesday, 11/10/2021 11:38:38 AM

Wednesday, November 10, 2021 11:38:38 AM

Post# of 2470
@StockItOut: Sincerely good luck to you! Active & successful traders of penny stocks need a certain level of technical knowledge & ability and so I think it's fine for these types of day traders/scalpers with solid know-how. But for those like me, who are more long-term investors & who do not have time to day trade nor the technical knowledge, I wanted to share my experience, perspective and lessons learned for those that might be on the fence, lost and confused. I've sold about half so far and have already invested in stock that are gaining faster than SRUTF, meaning I've recouped some of the loss on SRUTF on another stock already. About 70% of my investment are allocated for long-term with successful, more stable companies and 30% continue to be on more risky stocks but I am 1000% more decisive on my short-term play where I will buy/sell in matter of weeks if it doesn't move to the upside (still requires a lot of time and learning to have a sense to when to enter, when to sell regardless of a gain or a LOSS). Really, I wish everyone and good luck to you. Again, the oldest trick to pump and dump is "patent pending" that never materializes and the loans and payoffs between 2 companies controlled by one-person is another classic way to siphon $ from one paper entity to another while being able to claim a huge loss/tax write-off. Really good luck to you!