Thank you, CRYYSIS. Upon discovering the 0.00% P/E ratio of SILV, I realize that the sim shares that I hold are very unpredictable. Tomorrow they may have doubled or plummeted, there is no solid prediction I can make, but I can go as far as make an educated guess. Today was a good day for my portfolio with SILV receiving some very nice increases in value. From what I've seen, I think SILV shows promise. I know my exit and I plan to act on it when the time comes. It shouldn't be an issue because I'm already addicted to checking the numbers as it is.
That being said, I think you're right. Staying put shouldn't hurt me at all as long as I know my exit. I have 2997 sim shares, I can sell hundreds and still have plenty to work with.
Hey guys, I've got something on my mind today. Silvercrest Metals (SILV) is a Canadian metal company that I've simulated investments in due to the stock of theirs being so bouncy. I currently hold 2997 sim shares that I bought t the price of $8.33 when I wanted to at $8.29. I REALLY wanted to buy at $8.08 yesterday, but when I confirmed the purchase, the market had closed 3 minutes prior so I couldn't buy anything at all! Of course, the next day when I go to buy on the sim, it's gone up 21 cents making the price $8.29. On top of that, my simulator takes 20 minutes to update which is INSANELY slow in terms of the stock market so when the sim purchase I made buying me 2997 shares was confirmed, the shares were worth $8.33 EACH. The funny thing is, none of it matters. I'm making vast gains regardless because SILV is so bouncy and it's shooting up at a rapid pace. I lose nothing. I went to go eat lunch today, and when I came back, SILV's price had gone up 10 cents. The #1 rule when I invest is to never get emotional about it, and that's exactly what I've done but it's completely unnecessary. I feel I might make either an impulsive sale or purchase that I will regret if I keep getting emotional over it, but I don't know if I can stop because this stock changes like the tides.
What seems the most logical? Should I wait and try to control my emotions, or is it too risky? Should I take action now before it's checkmate for my sim wallet?