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trding

01/03/21 9:08 AM

#33 RE: lorbas95 #31

You need find an otc broker. For your situation, maybe interactive brokers? I normally use firsttrade, which doesn't charge for otc trading, but only allows stocks over 10c. It is a huge advantage with day trading otc, because I can trade the bid/ask, which usually is around 1 penny, but any price increment and any stock size is profitable to me, giving my an advantage.

I am working on a strategy, normally I hope to find these much earlier. I usually start small on any new strategy and scale up once it becomes profitable. So starting all at once now, without the history of experience to know the percent that are successful, is more risky than normal. The 8x34 chart though gives me some comfort with the price, since I use that often on runners I'm in to decide when to buy/sell.

But right now I plan on buying $1000 each stock on Monday all these 9 I listed cbbt, cbnt, couv, ibgr, iqst, knos, pmpg, taug, tpii. Probably use etrade, which I haven't used that account in a while. They do charge $5 for otc trade, but I plan just holding until the 8x34 chart turns bearish. It should be interesting. My etrade account has 5-10% dividend stock now, so it is being moving very slow, so that volatility and the potential make it more exciting.

I'll probably grab some that cross $1, as they normally spike soon after. Maybe average up or down depending on the share price and chart. I'll modify the strategy to be more efficient as the year progresses, could scale up 10k or 100k using profits as I have done with some in the past if all goes well.

My goal is to find a system to find these unicorn plays early with high probability of success. They run 10x to 100x, so finding one will compensate for 9 others failing. So at least 10% success should be profitable.