I usually set a stop loss depending on where I'm willing to walk away(20-30%)...or wait to see where it shakes out if it goes below and then reevaluate( dont hold it going down below that hoping it will bounce back radically). If no movement after last known catalyst or really bad initial financial "reveal", usually waiting no more than 6 months....cut lose and move on. At best, I might play a dead cat bounce if the stock has large following.
NEVER get attached long term. First downturn after a run of over 100%..sell initial investment...play free shares accordingly from there....only held one past 18 months.
Try and stay away from PnD, But will take advantage if I think I can get away with it. If Something turns out to be a scam and I still take advantage... Doesn't bother me either way, just move to the next.
NEVER Do I become obsessed or feel the need to Extensive warn others If I find out something is shady Or have left out pertinent information. If you want to play in the OTC.... It's best if Nubs learn a few painful lessons along the way.
I have rarely regretted this strategy!!!!
P.S. always good to diversify, but not beyond 6-8 at a time...to hard to stay informed and pay attention, buy the dips if you have extra to play.