So far, EVERY SINGLE day - down down down
My last purchase at .0017 was met with a sale at .0019 all the while traders touting INTRADAY .003 - .005 targets
I believe the last target touted was .003
Well here we are, sitting at HALF that (.0015)
Where is the 63,000,000 share .0016 bidder from yesterday?
I know where
He realizes momentum has been lost, so he pulled.
When is everyone going to realize that this stock is a TRADING vessel?
in my opinion, this stock is only a BUY after the a.m. sellers are done clobbering it, and only AFTER you see sizeable bid support.
All you gotta do is lift the offer (buy at the ask price) a mere tick over the large bid support, then sell it two ticks higher.
That's all I've been doing.
This stock is a piece of $h(t and we all know it.
The key to profiting on significant retracements after a FAILED pump & dump run, is to buy above support but only AFTER support has been validated.
In today's case, I didn't buy .0014
Why?
Because how the hell would I know if that was bottom?
Did I buy at .0015 or .0016?
No.
But when 28M showed up @ .0015 followed by 30M+ at .0016 - all you had to do was use your L2 quotes and take down .0017 and bid remaining shares at .0017 (one tier over .0016 support)
Once bids started building slightly over support, it amassed to 63,000,000+ shares.
The stock upticks 2 ticks to .0019 and you re-evaluate.
You watch for all the "This is gonna break through .002 and run to .005" BS posts, then when you see size shares sitting at .002 and higher, you hit that bid at .0019 and lock in your fat gains.
This isn't rocket science folks. The only way to profit off these pos penny crappers, is to SCALP them on size shares.
Risking $5,000 to make 12% on my money or $600 - to me? , was a decent risk/reward scenario.
It's not for everyone, but do yourself a favor.
Swing for lots of singles, doubles and triples over and over again, versus swinging for that HOME RUN.
On the otc/pinks, HOME RUNS are short lived.
TRADE this oinker, lock in your gains consistently, buy on dips of significance but only when BID SUPPORT shows itself, then scalp out on bounces.
It's the only way.
