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[lakers17]

13 Commandments of Trading OTC Penny Stocks learned in my 30+ years of trading the OTC

1. Always do your own DD or check out the DD of others
2. Always check for filings, company info and share counts on https://www.otcmarkets.com
3. Only invest what you can afford to lose
4. Use Investors Hub as a tool. You will quickly learn which posters know what they are doing. Don't listen to all the I-Hub bashers noise. Same with the excessive pumpers. They are on every thread when a OTC stock is hot. Put them on ignore.
5. Don't load only one OTC basket. Spread your money around. As well, If in doubt, don't be afraid to sell (or buy) in smaller pieces. There is no reason to go all in or out.
6. Always take profits, even in small pieces as commissions are very low trading penny stocks. Greed leads to pigs getting slaughtered.
7. Try to open OTC trading accounts in Roth IRAs. No taxes to pay on gains
8. Pick a good on line broker friendly to OTC trading like ETrade.
9. Average down on the better ones you hold if they dip
10.Don't fall in love with any penny stock and keep emotions out of trading
11.Be wary of OTC companies that out of the blue change direction with a PR and throw out keywords like marijuana, crypto, mining, gold, lithium, EV, AI and other hot industries buzz words. These require extra DD. Important to look at shares of these, outstanding and authorized, revenues, management and histories of reverse splits.
12.OTC playing is NOT a team sport. In the end it is your money to gain or lose. Refer to #4. It is your decision whether to buy or sell not someone else's.
13.Be aware that is is much easier to buy an OTC play than to sell one. People get emotional and many hold on too long hoping they will keep going and 99% don't. Refer to #6 and always log in some profits if one is up, no matter where it ends up going.