*** As tracked by my PulseIndex, the OTC market has been down since mid April, in just a bit over a month, more and more people complain about market manipulation. My best guess of an average trader's loss would be 45%, coz PulseIndex has dropped from 90 to 50. If you trust me, you should trust PulseIndex, it's the first usable index for trading bb stocks. I created it after the last major bear market for the bb stocks, mainly to find out when to trade actively, and when to preserve capital. If the situation continues, I expect iHub to have more and more flaming wars and off topics messages, because people have nothing better to do, and they like to blame their loss to others.
I've warned my members not to trade actively and the goal is to preserve capital, and trade only when the price of the stock comes to our low risk desired price. Even in that situation, sometimes, the price could still go thru our low risk price by a bit. While I call this a shake, and L2 can help to correct this matter, it's obvious that if you don't let go of your ego, and still think that you can make money like a couple of months ago, you will be burned badly.
I've been in this market long enough, and trust me, by the time this all ends (assume the bear market continues), most people will be down a lot and the message board postings will go down by tons, contain mostly junk messages, it will be quite here on iHub (just check back the postings when iHub first started, the market was just as bad). Then you will realize that the most valuable advice that one can give you is not a hot stock, but telling you to preserve your capital.
but then again, most people who is losing money now, will not be reading my post here. It's ok, I need most people to lost money, so I can make money (it's not easy for me to make money in this market either). Just the name of the game, if most people make money, everyone will be rich... and that's not going to happen.
Good luck everyone!
