Saturday, December 26, 2020 10:15:01 AM
Put yourself in the shoes of an Experienced Trader that has a high conviction, 'about', how high OPTI is going AND they have already made truckloads off the several thousand % move OPTI has made this past year.
These 'Aggressive' Experienced Traders love this whipsaw price action. Think about how you would trade OPTI if you had already made $1M and you were scalping with $50K.
Most Aggressive Experienced Traders still have a base position for the 'run' and scalp around the position. I call it 'Transferring Wealth'. All it takes is 10 'Aggressive' Traders playing with $50k to make OPTI swing.
These past few days of price action is a change. Price pulled back intraday on super low volume while the overall price increased on the day. That's a good sign.
After the 19c high OPTI pulled back to ~1.9c 'support', then ~2.4c 'support', then ~3.6c 'support'. After 3 steps up Traders took note of why it was being accumulated. Traders are clearly buying OPTI up.
I wouldn't be surprised if OPTI pulled back 50% from these levels. If MM or Traders can panic novice traders they will. I'm up over 200% and wouldn't sell if it dropped 50%. Keep that in mind.
I understand how hard it is to hold when you are down 50% or more. It's easy to wish you bought at lower prices. We all wish we could buy the bottom and never be red.
This is a swing trade. ALL swing trades are red at the beginning. No one can consistently call the bottom.
MANAGING RISK IS #1
Remember this isn't a PENNY STOCK
This is a MICRO-PENNY STOCK
Healthy pullback. ~30-50%
Unhealthy pullback ~80%
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