It's not all about hitting a home run on every ticker you play. Sure, most are scams, or dreams of someone who starts a company and has to start in the OTC. Most of those fail anyway. Personally, I could care less if a ticker is a scam. I get in low, and get out on a run. A .0003 ticker that runs to .01+ is one nice return, if you can get in on one. $1k in at .0003 turns that $1k into $33k. Or somewhere in between. So what, if it's a scam. trade the scam. I don't care if they're gonna mass produce the "Latest, Greatest, Fancy-Dancy, Game Changing Left Handed Monkey wrench in Timbuktu", If I can get in at .0001 and out at .01+ (or somewhere in between), I'M IN!
And on rare occasions, you do hit a real one that makes it. Depending on how much risk you took, will determine the reward.
Happy Trading big smile
PERFECT post!
Tone. Information. Perspective. Overall gold. You nailed it to the floor with this one.
And in response to the reply to you regarding a loss, I'd (or anyone with the proper long-term view) GLADLY lose $500 a few times to make $33,000.00.