What You Must Know In regards to the Upcoming OTC Delistings: Key Takeaways
- Amendments to SEC rule 15c2-11 go into impact on September 28.
- There’s a easy zen-like mindset that may make it easier to navigate the OTC impediment course…
- Why you shouldn’t stress about any of this. (Actually, my college students stressing about it riles me greater than the precise rule.)
Why Jenny Isn’t Apprehensive In regards to the New Guidelines
I’m getting a ton of questions in regards to the SEC rule going into impact on September 28. The SEC cracked down on a bunch of OTC “Pink No Data” corporations as a strategy to defend buyers
My Take On the Upcoming OTC Delistings
Lots of OTCs have been scrambling to get present. It’s fairly loopy what lengths they’ll go to, all to seem legit. Nevertheless it shouldn’t be a shock.
Bear in mind, these are a few of the sketchiest shares in your entire market. Many are shell corporations. Only a few have merchandise or significant income. Most aren’t updated with filings.
On this video, you’ll discover…
- Why you shouldn’t freak out, it doesn’t matter what your dealer says about which shares you possibly can or can’t commerce after September 28. (I exploit these brokers.)
- Widespread misconceptions a few bear market that apply to the present scenario.
- Why ‘in-the-know’ promoters are simply as ignorant as misinformed newbies.
- The way to lower by means of all of the BS and spend your time on what actually issues in buying and selling.
What to Do If You Can’t Commerce a Ticker
So, what do you have to do should you can’t commerce some tickers after September 28?
The straightforward reply no person desires to listen to is…
Don’t commerce them.
It’s so simple as that. For those who can’t commerce them, you possibly can’t commerce them. There’s NOTHING you are able to do to alter it. Count on the worst out of each firm, on a regular basis. I can’t stress this sufficient.
99% of penny inventory corporations fail in the long term. Or they survive as a result of they modify firm identify, ticker, and business. And so they dilute shareholders. They’re ALL junk!
Right here’s one other query I’m getting…
Would You Change Brokers to Commerce a Inventory?
If a dealer permits a inventory, however my dealer doesn’t … perhaps I’ll go to a different dealer. However I’m not even eager about it besides to reply the query.
I’ve no thought how that is gonna play out. Anybody saying they ‘know’ on social media is stuffed with BS. Don’t belief any firm or anybody saying, “This firm has all the correct filings and is gonna be OK. Purchase the dip.”
They’re mendacity. They know NOTHING.
Count on the worst always. Count on each penny inventory to get delisted. Count on a bear market tomorrow and the entire thing to crash.
However THIS Firm Deserves to Be Traded!
Shut up. That’s a waste of time and alternative. Spend your time finding out.
You possibly can’t predict the unpredictable and you may’t commerce the untradeable.
So, what ought to you do?
- Commerce your patterns. The inventory market isn’t going anyplace.
- Give attention to what works for you. No single inventory or commerce will make you wealthy.
- React as a substitute of predict. This could be the primary piece of recommendation I might ever train you.
What am I going to do? I gained’t change a factor. For me, predicting earnings, delistings, or market circumstances — it’s a waste of time. It doesn’t matter.
If a inventory will get delisted, and I can’t commerce it … I gained’t commerce it.
Do You Should Know All the pieces to Be a Profitable Dealer?
Placing it bluntly, no.
You suppose that to achieve success you’ll want to know every little thing. Cease spending your time making an attempt to foretell the unpredictable. You shouldn’t fear about one thing you possibly can’t change.
Guidelines come and go — your job is to adapt.
I commerce primarily based on what I do know. (These are my guidelines.) Not primarily based on what I don’t know. If it’s not one thing I already know, I’ve no remark and no opinion.
Instruments & Training
Give attention to finding out. And for the love of all that’s good … use the precise instruments!
StocksToTrade Breaking Information
Use StocksToTrade Breaking Information.* I exploit it daily — it’s the one most vital device in my arsenal proper now. If there’s something to know in regards to the delistings, that’s the place I’ll get the data.
Buying and selling Problem
In order for you webinars, video classes, DVDs, and chat … apply for the Buying and selling Problem. That’s the place I do pupil Q&A — so that you don’t have to fret about issues like this sooner or later.
What do you consider the brand new SEC guidelines? Remark beneath with “I’ll react as a substitute of predict.” I like to listen to from all my readers, so remark beneath.
*Tim Sykes has a minority possession stake in StocksToTrade.com.