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Sunday, January 06, 2019 6:05:13 PM
I started trading OTC stocks a few years ago and tried to find hidden gems and hold them long term.
After a year or so or trading I realized that there is much more money to be made by swing trading or "flipping" these type of stocks. I was losing money by being an investor. It wasn't until I started swing trading that I became profitable. I have made 200-300% returns in a couple of months by swing trading a hot penny stock by using technical analysis and charts.
Let's face it, there is a reason that most of the stocks are below pennies to begin with: dilution, toxic debit, bad management, etc. 99% of companies in the pinks will never make it, but that does not mean that you cannot make money flipping these stocks.
I think a lot of traders have this mentality as well that they won't "invest" in .000s stocks. A stock has to prove itself to me that it is legitimate in order for me to "invest" in the stock.
Good luck to everyone on board: longs and flippers alike.
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