Why not just sell another 10% to capture some profits as recreation money, while letting the remaining 50% ride?
I could do that, sometimes I do. Just depends on my gut, which at times give me distress. Other times pure genius. Who the heck knows this crazy market, especially the OTCBB basement.
What I usually do with this OTCBB account is wait until years end, take whatever profit and begin again. Might use it to take a nice vacation. One year I paid off my wifes car, only to watch her trade it in 6 months later. could have killed her for that one. Ocassionally on a great year I'll stash some in actual investments.
Look at it this way... Many people have to slave away at nasty jobs for years to pay off a car, like hauling garbage or working on Florida rooftops in the summer. All you had to do was click some buttons in a climate-controlled room. So don't be so hard on her in your mind, heh.
True dat, which is the conclusion I finally came to, but initially it did aggravate me. This happened better than 20 years ago when I was more of an ass than I am now, if you can believe that.
Couple of new trades entered this morning. NBRI and CGAC. HIGH RISK. Sometimes you must be a bit uncomfortable with the risk because that's where the money is made...or lost. Of the two I like CGAC the best, but my opinion and 5 bucks will get you a cup of shitty Starbucks coffee.
i'm deep in the weeds of research for EGOC this morning. i'm up 300% and don't want to lose it, but also don't want to sell out of an opportunity. a chinese company has bought them. actually, a chinese company has bought most of the lazar custodials i've been trading. some seem to buy them and not do anything, but this one, EGOC, is very active. anyway, a question. i know there's chinese scams. etc. etc. but. i guess i'm wondering the different reasons the chinese would buy these otc tickers and the likelihood that one of them might actually be planning to put a real company in one of them. have you had experience with any of this and are there more nuanced reasons the chinese are buying these things?
also, i've already taken profits on egoc. i won't be losing money at this point on the ticker, but losing profits feels like losing to me.