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Re: la_trader post# 45741

Thursday, 03/22/2018 4:24:29 PM

Thursday, March 22, 2018 4:24:29 PM

Post# of 47295
Welcome to the board. I found your post interesting as you describe the ills with the big boards. That use to be the ills with the OTC. HFT (high frequency trading)and computers ruining fair trading @ the big boards vs. naked short trading (with Market makers manipulating front trading) @ the OTC.

The OTC has become more fair since the SEC REG -SHO regulation changes 8/10 years ago & mainly enforcement of those. And I expect in 10 years, which it took for SEC action @ the OTC, the SEC, will come up with something for the big boards darkside rip offs.

One thing I'll say about fundamentals on the OTC is you will find they are less then reliable then @ the big boards. As filings on the OTC are actually disclosures, not audited financial standings. That's why I only use TA & CHARTS for OTC swing trading only. I will tell you try to get out of the buy and hold mindset on the OTC. As the OTC is mainly startup companies and we all know 90% of them fail. So long & strong rarely works.

Swing trading is the tool for the OTC; as retail there, is only there, for the large one time gains. The trick is finding runs which last more the 3 to 5 days. So one can swing trade on 2 week climbs, not 3 day pops.

I personally haven't played much at the OTC for years. But do research and look for POP plays. For these, I look for LARGE funding deals being opened. This dilution creates below market price shares given to funders. After; you can expect they sell these (50 to 80% discounted shares) issued, sold into the OTC market, for a QUICK ROI.

TA & CHARTS is the main focus of this board. Ask any questions you may have. Also check out the yellow area sticky posts above and my you tube channel for some info about TA & Charts.

Again welcome.

Welcome to my mind!

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