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Friday, September 04, 2020 10:57:45 AM
Heavy dollar volume everyday yet non stop downward pressure. Its either dilution or the MMs know something we dont and they continue to naked short it.
Either way its not a good sign, witnessed this many times. I will watch close for solid news and a confirmed change in direction, i dont mind chasing it up and paying more if a reversal occurs.
Otherwise I'm watching on the sidelines with profits in hand. Looks like another grand smoke and mirror story coming out of OTC land.
The lesson for all traders here is, take your profits slowly as things go up, ride freebies and know when to let go and move on. Its not a easy lesson yet anyone who survives in this arena follows these golden rules.
All IMHO
Mav
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