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Re: backtoreality post# 6269

Friday, 12/03/2021 8:16:18 AM

Friday, December 03, 2021 8:16:18 AM

Post# of 7836
My cost basis was .028 just 2 months ago. I'm up to .04s now and will likely be at .05s once I spend my year end bonus. I would never be averaging up if the float wasn't so small and unchanged for years, I'm bending my own rules to get 5% of all shares here by 2023 is the goal.

Going all in is generally a bad idea unless you have 100% conviction in one thing and no conviction elsewhere. I've done it successfully many times early in my trading and it helped propel me forward faster than diversifying.

It also nearly wiped me out early on when $MTVX opened the largest dilution floodgates ever in the span of 3 weeks. But i took valuable lessons away from that experience (ie: strike date, dilution conversion terms, seeing through the hype, ect"

The way I see it you should be riskier until you achieve a certain goal, then develop your rules and make them work for you. If you're still learning you'll do fine just sticking to one basic rule IMO.

"Buy below RSI 35, sell above RSI 85 whenever possible"