59 South said:
Ragoo said:
Not sure why y'all insist on trading these small cap companies.
same with bios and penny stocks... risk/reward is usually never there. I dabble in them all occasionally but keep position sizes in check and always keep in mind they are heroes or zeroes with the overwhelming odds on favourite being zero.
Also don't get down on yourselves, this happens to every trader, investor and all things in between. It's like a good colon cleansing. Get out the bad stuff and start eating better.
Ok enough of my old man ranting and yelling at the clouds... I'll shut up now.
Same... when I first got into this I follow traded some of these small craps into my IRA. The one I loaded heaviest is CLOV. It's my biggest bag and it's in my ROTH IRA. At this point, I'm just gonna hold it and hope for another wall street bets run.
The one freaking time it did run with wall street bets I sold covered calls so missed out on selling it during the spike. Its just been one brutal absolute ass kicking from CLOV.
The last few months I've almost exclusively switched to trading large caps. It's been so much better. Wish I had never heard of CLOV and all the other ones... WISH, LOTZ, DPW... all bull **** that gets front loaded by FINTWIT kings then dumped on the sheeple that follow them into it. Atlas is the world's worst. Straight scum.
Edit to say that options on large caps gives you the same types of returns that people want in small caps...