@ No offense taken man. Criticism is fine. However, I dont compare what Im doing to people chasing GME. Two completely different things. People see chasing profits and all of a sudden lump what Im doing with GME. 99% of trading is chasing for profits so thats where the similarity ends. Unlike many GME peeps, I dont get into my stocks off of solelyhype(not a knock on them but call a spade a spade, its a hype stock of a dying company that no one would be looking at today if not for the mania). I get into my stocks usually long before theres hype thanks to extensive DD. Looking at some of the stocks Ive shared here: I was in ICBU a week and a half before the surge(long in penny stock time). Did DD on ENZC after it was mentioned here(it hadnt blown up yet, was .02 and I went all in and averaged up), Was in HCMC over a month before it blew up(got in at .0002, went as high as .0068). Was in ZOM all the way in June, a full 9 months ago(got in at .07, now over $2).
How does this differentiate from GME? Well firstly, GME doesnt require DD because its currently the biggest pump and dump/squeeze on the planet. People are getting on and off the ride, especially the loads of new traders who got into this because of the GME rush(aka a majority of people who have no idea what theyre doing with the stock and who end up bag holding). Ive already said how I feel about this so I wont get into it much more. There are a lot of GME bagholders worldwide and people buying near the top. I dont baghold anymore since moving to my current strategy, why? Because I get in extremely early, so even in the event of a stock falling, Im still heavily up. ENZC plummeted to .30 from .95 and Im still up over 4x. HCMC plummeted to .0014 from .0068 and I was still up 7x my initial investment(was up 34x when it was .0068). Ive had no red trades this year thanks to what Im doing(well one, only because I wanted to get out to use that money for something else I saw with potential).
Now does getting in early and doing proper DD ensure profits? No. But does it help minimize potential losses? Absolutely, which is why Im able to throw down a few thousands onto a stock when its in .000s and make 5x or 10x returns without fear of losing too much. Lose 3k on something you got for 14.5 million shares while at .0002? I can live with that. But even flipping that to .0004 brings that 3k to to 6K and .0010 brings that $3k to $30k, which is where Ive found my success and niche.
Theres risk in it, like with all penny stocks(and stocks in general) but what Im doing is low risk, high reward. Is it 100% foolproof, hell no, and Ive never claimed it to be. Calling penny stocks a risk is absolutely fair, but to lump what Im doing in with GME(which I keep seeing here) is just ignorant. A lot of it from these threads comes from people who dont do DD, arent familiar with stocks period and some of it(from a specific few users) is jealousy(like the dude who had to log into an alt to call me out LOL). Is what it is.
But yes, I hope Ive cleared up any ignorant(no disrespect here but thats what it is) misconceptions you or anyone else may have had about what Ive chosen to make as my strategy and how it relates to GME(it doesnt). Ive never claimed or said my strategy is foolproof or better than anyone elses but I will absolutely stand by the fact that it is a completely different strategy than GME, so comparing the two is just dumb
How do you identify the ones that could have potential? What are you using to research?
