Glad you get it now. As that TIP, about when to take profits on an OTC run is probably the most important signal one should use, to save their ass, at the OTC! Sell on the red day following a high candle exhaustion spike.
It's been my experience that capital preservation is just as important as gains acquired, while trading. And the cost of a trade fee, to get out and back in, if the stock happens to break top resistance again, and continue, after retrace. Is well worth the protection from being caught in a retrace, which doesn't turn back positive again.
Bag holder are created by those not learning when to sell retraces. And a few dollars to exit and re-enter on confirmed continuation is what turns bag holders into gain bankers.
Never believe the PR story. Trade retail reaction to it!
Holding retraces because your sure the story is great, causes so much more pain then a small trade fee!!!
Really ALL reader.
Selling on the red day following a exhaustion candle is more important then any other factor of trading the OTC. Be it TA& charting, understanding and trading the OTC game, support/resistance, gap analysis, or any other reason to buy, hold, or sell. What creates successful pennyland traders is learning to sell!
YEP flipping is good! LOL
