Well I am out, out of the penny market. Hanging up my trading hat, at least for now. I have been through it all in my trading life seen the ups and the downs. Every time on the down I would re-load, however this time I just don't have the faith.
When I started the pennies there were over 6000 stocks to choose, now a days with turds going pink right and left we are a hair above 1000 OTC stocks to choose from. I think maybe the OTC, may have a heck of a time coming back from this one.
Tired of the Market Magot Manipulation, all the reverse splits, no liquidity, S8's, SB2's, bashers, failing to file, the E, pumpers and crooks, lying CEO's ETC. It's just not worth it to me anymore. You have to stay on top of these turds so closly that it aint worth my time. Seems the runs these pennies had are far removed and trading for small gains...well it just doesn't make sense. Too many pitfalls to worry about.
I recently sold my business, and I don't need to worry about money. So I am going to take it easy, kick back. Trade some Oil and Gas Trusts and REITS, bluechip, bonds and debentures etc.
The last few years have been fun at the ol' iHub and I met lots real nice people. I want to wish everyone nothing but huge profits. I will check in to say hi from time to time, and if I am wrong and this market really comes back to life, you know I will be back.
All the Best,
Shawn
With trading you must conquer your emotions and be very disciplined about your goals.
