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Traders Cafe
(Total Views: 88)
Posted On: 11/07/2017 8:14:42 PM
Post# of 27264
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Posted By: OldSaltDawg
Re: wowhappens28 #139
That's true 8th, but the OTC Game is rigged and you just have to hope you're on the right side of a trade.

The way I played the NASDAQ Bio-Pharm market was to look at all the charts, meaning Daily, weekly, monthly, 3,6 and 12 month charts and when I saw a good set-up, I would invest in a lot of shares, normally for the day or couple of days unless great news came in. I would get in and out for a 5% - 15% gain for the day or two days. Another thing that took me a while to learn in the Bio-Pharm trading game was if the PPS went in the wrong direction,,,put it aside because it will, in most cases, come back to cover your entry. Over the course of two years
87% of all the losing trades I made came back within 5 weeks to make me money.

The Bio-Pharm stocks are almost rigged on my side as I happened upon a listing of all the drugs coming in for FDA review. The listing gives out quarterly up-dates, monthly up-dates then weekly up-dates. You could tell, in most cases, whether the FDA was going to approve the licenses as there would be subtle price changes over a three month period. A lot of work looking at 125 charts each night though, but as I always told my employees: "there is a reason why it's called work".

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