do i dump deep hodle or wait it out?

so i bought a few shares of NVCN back in january based on my knowlege it was on the way up
as soon as i bought it it dumped hard adn kept dumping until it stalled at around 80 cents and it has been hanging there for months. it fluctuates 10 cents up or down on average but its still on a downtrend longterm

im in it 10000 shares. it was my biggest purchase to date i finally felt confident enough to increase my share purchases from the usual 1000 to 2000 then to 5000 gradually
this hodl screwed me up and i ended up making poor decisions in buying few more crap stocks also right before they dumped on my in the same way as this one did but i only bought 1000 shares of each so it wasnt too bad

but my P&l went from 5000 profit to 5000 loss at the moment after all this nonsense


so now i dont have enough knowledge to make a decision
what would make more sense? to hodl it because we are in a down market and it will rebound in the fall
or do dump it all take the loss and reset
because i am currently at the borderline of day trading and my account bounces between 24000-25500 every day like its fucking with me on purpose. it doesnt go up or down just hangs in same spot

in my opinion NVCN seems to have a legit product that could possibly get approved eventually but i feel like this stock is being heavily manipulated and held down at the moment or maybe im wrong but i dont know enough to tell

 

Your 100,000 shares are a significant fraction of NVCN's daily volume (875,090 according to yahoo finance), so selling them all at once could depress the price further. If you want to sell the shares, do it gradually and with limit orders.
Edit: I misread 10,000 as 100,000. A limit order to sell low-priced shares is still probably a good idea.

Yahoo finance says their revenue is about what they pay their top four executives




So, it looks like this medical device company is on life support.

 

I thought he was in it for 10,000 shares? Did I read that wrong?

 

No, that was my mistake. What's an extra zero among friends?

I take back my feeling that selling all the shares would affect the price much.

 

It takes time to find a good company & it takes time to find a crap one like NVCN.

Harsh reality but honest one, - mute you should do as @ph1l said above.
But selling it without learning any lessons would be even worse.

[Edit]
At least reduce your exposure in it (in order to sleep well) & then hodl + prove to everyone about being right.

 

its appro ed in europe and i belive it is in works of gettign approved in us as well even though they had few roadblocks the device seems to be effective.
i have been stuck like this in DPW last year as well
and everyone everywhere was saying how scammy the ceo was and how it will go down last year and year before...
i see same kind of talk with every company that drops and traps people with hodl
realistically without being emotional can this rebound back to around dollar ten in fall?
because im not very frustrated with hodling if there is a chance of it recovering
im more frustrated with my cash being locked in and not useable
both dpw and this stock seem to randomly spike for few hours. and thats what im waiting for
but i dont know if this downtrend is seasonal this time or some special circumstance and possibly market correction that will last a while

 

my goodness!

NVCN heartbeat is approaching zero.

and the price is approaching zero too.

someone tried to resurrect it in Feb 2021 without success.

for such a penny stock,
it is tempting to be a major shareholder.
For a lousy or questionable company, you don't want to
be a major shareholder.


so far, there is no indication that the price will go up.
and the volume traded is relatively negligible.


NVCN chart is very simple and very easy to analyze.
Analyze it properly.
And do trade properly or rather don't trade at all.

 

can you tell me what you see there that maybe i dont see?
im still learning obviously not a pro trader

 

my problem is that in the past i had the worst fn luck with this
when i buy a stock i always manage to buy it right before it dips massively so i end up hodling alot and waiting for a rebound and 99% of the time it does and thats basically all my profits are from hodling through a dip
the times i tried to use stop loss or sell on a small loss multiple stocks rebounded right away
literally minutes after i sold them

so now im really sus about selling because in the past it slapped me in the face almost every time

 

Get a job or a loan and raise your account to 30K+.