CDEL will continue to lower their ask and then sell into the bid. Then another lower ask will appear. They will walk this down back to a penny or lower. Typical OTC BS. Xu’s are no different then the rest of the OTC players.
Difference with swing traders and day trader mindsets. When ure a ft day trader, 100 bucks adds up. Most day traders trade to limit about 4 to 6 times a day for an hour or 2 from 930 to 1130. If you profit 100 dollar about 4 to 6 times a day, multiply that by however many trading days per year, thats an extra six figure annually. Thats at the very minimum goal of 500 per day. But my friends do this on nyse/nasdaq and they average about 2000 to 3000 per day. Anyways..