Good luck, Belle. That's a tough spot to be in.
OTCs provide some great opportunities but they gotta be treated as just trading vehicles. Get in them intraday, ride the trend and cash out by the close. Feel like there might be some other pot stocks getting halted eventually. CANA has been ridiculous. Saw a promo for it the other day and it's taken a 50% haircut since then. Can't marry these things.
Looking back on BIOF, man that was a perfect storm of events. High short interest, oversold market with people salivating to go long, hot sector. I should've had a more concrete plan and taken a feeler position that I added into as it worked and squeezed. It's good going back each day and analyzing the trades you did or didn't take and why. To me, it's like an athlete in the film room studying himself and his opponent.
I've been drawing lines lately as I trade or stalk intraday. I've found it helpful to outline support and resistance levels that I try to trade around whether for real or on paper. As well as possible flags and downtrend lines. I recommend some of you new guys try that out if you haven't.
had it on scan past two days but got caught up in other stocks. Really nice move today.
