Bit of a stupid video really, no one sinks $300k they don’t have into a penny stock. Bit different to insurance companies when you have a resource. LOL Yet plenty of guys hanging around a so called penny stock with baited breath. Mmm?
Go tell those who put money into penny stock FMG they were wrong! Becoming millionaires was a mistake! Most penny stocks don’t make it but some do, and when they do oh boy it changes you life for the better!
The video message is clearly unbalanced, a better message would have been a risk vs reward approach and to invest what you can afford to lose.
I see mainly 2 mindsets will the nervous indecisive types in the middle who usually lack confidence and/or information. All of course overarched with a measured investment as I stated above.
The pro mindset usually holds the stock and looks at what they stand to gain for an early entry, can be moderate or massive gains if it works out. It’s smart to free carry or reassess or scrutinise if no forward movement is being achieved. Getting starry eyed is a mistake, bullish is fine otherwise why partake?
The negative mindset often lack confidence or conviction, usually non-holders worrying about the risk of losing their money. Which is kind of ironic as they don’t hold so the risk is zero sitting outside looking in spooking themselves to death. So the risk that actually worries them is missing the boat or FOMO as we know it. So when they do get onboard it’s often late for small gains otherwise why the interest in penny stocks then?
The lot in the middle might be better to just decide on one side and be comfortable with your decision, either in or out, and put your mind at rest.
The group I did not include are the rampers, down or up, strategic misleaders in the other direction of their own interests for their own benefit. Short term holders usually.
None of this is financial advice, just my opinion of the cross section of the investment community. Always DYOR.
