No, I wasn't advising any such thing. But for those nervous about missing a run, or don't have a plan to begin with, they can still profit in something such as this.
And no, I also don't abide by the buy and hold no matter what on the otc.
I cited the example earlier of bailing out when support breaks, and buy back lower. Too many people are afraid 'news will drop' and they hold no matter what. News NOT dropping while your stock is bleeding profusely is the more likely outcome.
But buying lower doesn't work for those that don't understand the fall from one support level to the next. So they stay in. Fine.
Ok, I for example have a million shares at 2 cents cost average. I see that the bottom has fallen out. I know with reasonable certainty, it's going to half a cent. I then follow this down until support hits, or a bottoming signal goes off.
If I get my half a cent, I not only have 4M shares, to my previous 1M, but now making money out of the gate, rather than waiting on my 2 cents to start profiting again.
So by the time I get back to even, rather than if I held, I'm up $60k. And I still reap the benefits of a run after that.
To me, that is how big money is made. Multiply your position with the same funds.
None of this works if you don't understand TA (or believe in it).
Buy and hold, good for some, not for me.
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