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02/09/20
10:52
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Originally posted by ishanroy
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Good point - I have tried to buy and sell short term and have realized that I am not skilled enough to maximize the profit in the long term. That does not mean short term selling is bad. Doing a bit of both is also a good idea but I need to learn more before I can do that. My fingers have been burned before trying to trade short term, So I am learning from the mistake and once I have confidence then I will give it another try. I am planning to hold this share and maybe buy more if the price dips below .20c (looks highly unlike at this stage) or sell after I see some announcement around new contract acquisition that will give me an indication of the revenue will substantially increase at that point if the share reaches my target price of upward of 0.50c I may sell (I will make the decision based on the circumstances at that time)
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Sounds like some paper trading might be a good idea for you before throwing your good money into it, or just sticking to long term investing. Good luck with whatever direction(s) you choose