Right, I totally agree having an exit plan in my mind. And, now moving forward I do. And it has worked great - thus not being in this kind of situation.
It is a penny stock. It was trading somewhere around .002 when I got in. It is now dancing around .001 and has from time to time touched the trip's.
I would classify myself more as a trader than an investor at this point. I am not a day-trader. Swing-Trader would be a better classification of where I fall into in terms of trading.
My timeline is wide open. Nothing set in stone. Nor is this a make it or break it type of trade in terms of cash flow.
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