Replies to post #6539 on ~All Crypto~De-Fi~Reflections~Micros~Large Cap Cry

[lakers17]

Wow that is risky. No one knows the future of crypto. Luckily I made a lot in the OTC early 2021 which paid for all my crypto. Crypto has so many problems with hacks, reliability and the like. Some of these central exchanges are just horrible. Lately I have been having problems with Coinbase and Uphold and am moving my monies to Kraken. I am also older so I don't have mega years to wait on crypto. LOL The excitement of playing keeps the juices going. Way better chance than lotto tickets, casinos and sports betting. In my opinion still 80% luck. Being in the right place at the right time,

10 Commandments of Trading OTC Penny Stocks learned in my 30+ years of trading the OTC

1. Always do your own DD or check out the DD of others
2. Always check for filings, company info and share counts on https://www.otcmarkets.com
3. Only invest what you can afford to lose
4. Use Investors Hub as a tool. You will quickly learn which posters know what they are doing
5. Don't load only one OTC basket. Spread your money around.
6. Always take profits, even in small pieces as commissions are very low trading penny stocks. Greed leads to pigs getting slaughtered.
7. Try to open OTC trading accounts in Roth IRAs. No taxes to pay on gains
8. Pick a good on line broker friendly to OTC trading like ETrade.
9. Average down on the better ones you hold if they dip
10.Don't fall in love with any penny stock

And a bonus one:

11.Be wary of OTC companies that out of the blue change direction with a PR and throw out keywords like marijuana, crypto, mining, gold, lithium, EV, AI and other hot industries buzz words. These require extra DD. Important to look at shares of these, outstanding and authorized, revenues, management and histories of reverse splits.