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Hayrookie

03/23/17 8:51 PM

#10990 RE: Phoenix_Sol #10989

Hey Sol. Deciding to start being an active trader in the OTC can be risky, but can also be enjoyable and exciting.

When some people first start trading and put their money in they decide to use protection (stop losses) to reduce alot of the risk. This reduces most of the risk, but may not be as exciting. If not using these you need to pay attention once you put your money in and be ready to pull it out when you feel the peak is almost reached. The longer you leave it in near the peak the higher the risk. You can choose to pull it out a little before the peak, but then you won't fully enjoy the run as much. Unless you find a stock you really love and decide to become as some traders call it "married to that stock". In that case those people don't really care about leaving it in until the peak as they believe there will be bigger and better peaks coming and have decided they want to be with that stock through any ups and downs that may come along. If you find a good stock like this you may find they pay dividends later on down the road from staying in through the peaks. And these dividends will be around in your life to enjoy life with and help take care of you when you get older.


Also remember different stocks are more attractive to different people so one you may see that you think should cause a very fast peak may not look the same to others and may take a little longer. And some stocks get more attractive as time goes on and can have bigger peaks as more people recognize it.


This knowledge could also be useful towards other scenarios in life too, but can't think of any at the moment.