The OTC is a completely different animal from the big boards, where TA & charting does work.
Sometimes, in some cases TA & charting works on the OTC. But most of the plays penny traders get into it doesn't. That's because the plays are parabolic and the runs come from nowhere and run to the moon. This price action is completely manipulation. And TA & Charting is useless there. But you can find a chart here and there, on the OTC, which does rise & retrace in a normal fashion. With those, TA & Charting will work on.
As for the get even plan presented; once you cash out some percentage and hold for a bottom bounce reversal. The rule of thumb I use for re-entry is 2 green days, then enter with 50% of the cash held. A third or fourth green day the other 50% is used.
You have to keep one thing in mind about all my advice is nothing is black & white. You need to continue to try variations until you find an approach that works best in your circumstances.
By this I mean, someone all in has different needs and objectives then someone playing with extra cash. The plan I linked is more for someone with on real need for the cash being tied up. NOTE the example was not a micro or mini zero stock. And IMO should not be used in a OTC parabolic run play unless you can wait for a possible long time to get even. If one has a short time need for cash, to supplement income for the family; that plan may not suit them. They may benefit from just taking cash back on any positive day. And learn from the error.
Not selling and getting stuck with cash you really can't afford to lose is really hard to deal with. That's why I preach always have a gain target and acceptable loss figure for EVERY play one enters. AND SELL AT THOSE PRICE POINTS
