Replies to post #53092 on Beyond Commerce Inc (BYOC)

[StarlingChaser]

This is a very well written post. I believe this to be spot on and a good model to follow for anyone. The only thing I would add is how important the hype and FOMO (fear of missing out) is. By hype I do not mean pump. Just how is everyone talking about the stock across all media platforms.

While finding or following a mentor is a fantastic way to get a heads start and pick up on things 10X quicker, plus learning from thier mistakes so you don't make the same ones, is helpful and one should be grateful of that mentor/ or poster. But ultimately you need to eventually figure out your own way and making mistakes is a really great way to learn and gain experience that you may not get by "just doing it the same way" and copying someone's else's strategy.

While I'm not a professional, to make it trading and investing is much harder than everyone believes. Imo, It all depends on your DD in the company.... what the company does and industry they're in, what has the company directly and indirectly communicated thru filings, social media, emails, phone calls, etc.
It's also good to know how companies are run, their financials, how they make money and the various ways (good and bad) to get funding, among many other concepts.
So besides the company research and DD, then you have how to read charts and technical analysis, which is super important, as well. It is impossible to pick out exact lows and exact highs, so set your targets and stick to them based your chart/ TA experience.
As warefare mentioned, you also want to understand price action of the stock and how is it being controlled.
All of these things, plus many other concepts, will help ultimately guide a professional trader/ investor when to buy and sell a stock and nobody sells or buys all at one time. Its best to gather the above information and put together a plan you feel comfortable with. Whatever the outcome, analyze you'r results, which will guide you on your next trade/ investment, so that you can improve. Everybody has to learn their own way in order to be successful, you can't keep following people blindly, so to speak. I hope this helps a little bit and gives you a small idea what I truly believe to be a successful professional investor/trader, to which I aspire to be.