Trading these penny stocks is like trying to capture water in your hands, yes you can cup your hands but much of the water will seep pass your fingers.
You can do your due diligence and your predicted trade can still go against you leaving you pondering what you did wrong, what did you miss. All your analysis said that price would go up but price tanked or vice versa.
That's the tricky part of these low price stocks they are inherently unpredictable, I am not testifying that you can't acquire the skills needed to predict with an above average certainty the future price action but for the newbie or someone who has not been doing this for very long you will generally be on the wrong side of the price action
If you post I will read it and I have come to the conclusion that we all made similar mistakes when starting down this rabbit hole called trading and it is apparent that some never move forward in their trading skills. It would appear to me that there are some who are trying so hard to make it that they don't find a clear strategy and perfect it instead they try many and perfect none.
Bruce Lee Quote "I don't fear the man who has practiced 10,000 kicks once, I fear the man who has practiced 1 kick 10,000 times"
The old adage that practice makes perfect never holds so true as when trying to become a consistently profitable penny stock trader. Find a system or make up your own that you can practice 10,000 times and in doing so your losses become less and your wins become more.
Don't keep looking for the Holy Grail of trading, it's not out there no matter what the guy in the YouTube video tells you he is only interested in the reduction of your bank account.
As always Sykes mantra holds fast and true, Study, Study, Study and more Studying.
"The Two Most Feared Adversaries Are Patience And Time"
Did you deliberately decide to style and curate a warrior-centric blog? Or is it something that comes naturally to you? Or both? Can't wait to read the "Warrior's Guide To Trading".
Well said. thank you for this post. #nodaysoff
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