Replies to post #6269 on Energy Finders Inc (EGYF)

[Citrati]

Time will tell. The timeline is uncertain, however I have confidence in MZ as a person, innovator and one who gets things done. He has vision and commitment as well as other skills. In the meantime learn from this. How could you have recognized and followed a plan earlier. If not earlier what could you have done differently and what criteria would you use so it can be replicated in the future?
Ask your self ???? Is there anything you can do to mitigate potential losses but still have control without just walking away? Things like that. Put it all in your trading journal, if you have one for each stock you invest in, and learn from it.

I don't know your trading level and ability so just throwing it out there in an effort to be helpful. One of the most important rules of trading is to not trade based on emotion.

Wish you well here with EGYF and a green investment future.

[Microlytics]

My cost basis was .028 just 2 months ago. I'm up to .04s now and will likely be at .05s once I spend my year end bonus. I would never be averaging up if the float wasn't so small and unchanged for years, I'm bending my own rules to get 5% of all shares here by 2023 is the goal.

Going all in is generally a bad idea unless you have 100% conviction in one thing and no conviction elsewhere. I've done it successfully many times early in my trading and it helped propel me forward faster than diversifying.

It also nearly wiped me out early on when $MTVX opened the largest dilution floodgates ever in the span of 3 weeks. But i took valuable lessons away from that experience (ie: strike date, dilution conversion terms, seeing through the hype, ect"

The way I see it you should be riskier until you achieve a certain goal, then develop your rules and make them work for you. If you're still learning you'll do fine just sticking to one basic rule IMO.

"Buy below RSI 35, sell above RSI 85 whenever possible"