Fair call mate. But if you continue with your current investment strategy, you will definitely go broke.
How someone can invest their so call 'life savings' into a stock which they believe the fair value to be zero (no value) is beyond my mental thinking capabilities.
Are you trying out to be a trader or have you just lost your mind? Serious question. Interesting to see your reply and reasoning for such line of thinking. Fundamental investing and technical entry/exit (trading) far out weights momentum trading/investing.
You get lucky with momentum trading - do not confuse it with technical analysis!!
The idea is to grow your savings not deplete your savings.