Yolo, you are very smart - here is how to make money on the OTC.
1. Never get married to a stock or CEO.
2. Check your emotions at the door - you seem to have mastered that.
3. Consider all OTC companies to Company X.
4. Be disciplined and always cut your losses - maybe 8% and get out - as you can always jump back in.
The only way to trade penny stocks that use message boards, social media (Twitter - Facebook), forward looking press releases, pumping 8-Ks and paid promotions is to just consider them all to be scams and just trade them do not invest in them. You'll lose 99% of the time if you believe the hype.
Many years ago when I was exposing SRGE - a guy contacted me and had $500 to invest - I taught him what I thought was the best way to invest in the OTC. 7 years later he has made $15 Million. He took it a step further and started shorting exchanged traded stocks.
He did one play early on with FNMA - it was very volatile and he would go long and then take a short position. But shorting isn't for everyone.
There is a stock I am posting about on Nasdaq - and it is a shorters dream. From May to December 2023 they did 3 reverse splits for a combined 1:22,500.
I told everyone that the post reverse split wouldn't hold and take a short position - but most knew this and they did really well.
But shortly isn't for novice investors because you can lose more money than you invested. This isn't meant for Yolo - just telling those that haven't shorted before educate yourself before trying it.
The worst mistake a OTC investor can make is not understanding that the OTC is for trading not investing.
And the dumbest investment strategy on the OTC is averaging down.
Don't ever listen to the forum pumpers - as most have either frontloaded or they are underwater and trying to get others to invest so they can dump their shares on the new investors. If you see stervc and CJ2 posting on the same board - they will do a rug pull and you will be a bagholder.
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