Also with 10 25 36 just wanted to point out it wasn't supposed to be a day trading strategy, it was supposed to be short term speculation where you are in few days at a time...but in he weed sector they often happen the same day...I wrote a post about setting a realistic goal so you know when to sell...or at late when to start making some serious evaluations on when to sell...I s way to may posts from people who are in at .0035 and aren't selling till 3.00!!! LOL.
Normally I'd just laugh at delusional traders like that except for in the weed sector it actually fucking happens! More than once. But if ha's your strategy and goal (buy an unknown stock for 100th of a penny and let i rid for silver or even green, great, but you gonna wrinkles if you come to ihub and watch it everyday...on the OTC the swings are notoriously exaggerated which is why most institutions and mutual fund are either voluntarily ban themselves or are banned by their charter or their statements of additional info contain some language regarding the prudent man rule. LOL A "Prudent Man" DOES NOT invest in the OTC as a rule...
Speculators do though...by definition if you are in the OTC you are speculating...rarely you can be investing but that usually connotes long(er) term not in and out in a day...you could make speculative investments where the stock doubles or goes 10 bagger and you don't sell all, you sell a portion and ride free shares...usually VERY HARD to do...again, happens all the fukin time on the OTC...if you are going for that goal, 10 25 36 is NOT how to do it...a mix of the BOOM mentality and 10 25 36 is the way to go. IMO
Some here found they broke the 25% cash rule (I break it all the time when I get greedy and then get stuck) so had to sell something to participate in Sleek's other pic...if you are all in all the time, you are not nimble, and are unable to speculate on DO IT NOW opportunities...those ops could be in MJTK...not always other stocks; once you get to "know" a stock and how it trades money can be made...especially when you see manipulation or companies that have been manipulated but your DD tells you they are undervalued or over sold, $MJTK, imo is a wee tad over sold and beat down right now...and circumstance has set it up to run for a lot of reasons.
Quit thinking all or none. Sometimes you are no sure which way the trend is or you (think you) have a pattern but you aren't sure, sell a portion, not everything and if you are wrong and it goes UP you are not missing the whole boat completely, if you are right and it goes south you can buy more shares and increase your position (this a assumes that long term you expect it to go up), maybe you entered high and due to MMManip or macro events (like Spicer/Sessions) the stock is good but down...on the other hand if it's a pig and you made a mistake; admitting that, taking the loss and looking for a new one is HARD because your ego HATES to admit you made a mistake or bad decision. In that case sell all and walk.
In surfing panic kills. In the market it's greed. There is a reason greed is associated with a green eyed monster.
Stocks like MJK and the otc aren't for everyone and the OTC is littered with the broken bodies and burned out husks of greedy traders who were sure they knew more than the Market Makers and would prosper in a rigged game without knowing how it was rigged or bothering to get L2, LOL. Get L2 and back up L2 if you are at all serious about making money in the OTC...learn how to use it. There are crap loads of vids and tutorials FREE on the web and a crap ton more you can pay for where they teach you TA and how to use L2, or you can learn the hard way.
"You only learn by making mistakes, but they don't have to be your mistakes." ~The Wizard of Omaha.
Two books for trading that are not about trading, but you MUST understand the principles therein:
The Art of War ~Tsun ZU
The Book of Five Rings ~Miyamoto Musashi
These books are also required reading if you would become skilled at violence...
Consider MJTK an education if you are new, losses are the price you pay for that education. Gains are your rewards and merit badges. Like gravity the OTC doesn't give a fuck how smart you are, how cute you are, if you go a rophy jus for playing, how hot your partner is, what sex you are, what side of the tracks you were born on or even if you have a college degree...the markets are the great equalizer, (although the playing field is not level and rigged for the big boys), only bitch that will aide you here is the mathematics which will aid your logic and reasoning and help you to spot patterns and trends...even sociology and phycology only go so far...you need to understand numbers to put those two to work, because it is TRUE that whole round numbers have a 'charge' to them. For penny stocks for example .01 is a biggie so is .02...further up 1.00 is a biggie. For gold 2000.00 for silver right now 20.00 (18.00 too)...right now MJTK is hovering around .01 currently below but next week should be above. And that charge and psychology and herd mentality is a topic for another post...
Meantime we have things working in our favor, sentiment is positive and people are hopeful there is news, chart has set up and we are right around a penny and it moves on thin volume...like 50 dollar trades plus there should be macro news that lifts all boats...Canada vote among it. World wide the tide has turned, you either did your DD on MJTK or you didn't...that trend should be easy to spot.
Hope this helps.
GLTYA
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