(Total Views: 197)
Posted On: 11/27/2020 3:25:44 PM
Post# of 4388
Trading in the .0001 > .0010 is the most profitable - particularly for those who buy 25M / 50M at a time.
Top OTC traders don't "average down" - they trade in the here and now from the bottom up.
If a ticker doesn't reach the price of individual tax lots at higher prices - and provided you are loaded at the bottom price - you can always sell the higher price tax lots individually for a tax credit - taking the necessary actions over 60 days to avoid wash sales. That involves creating a large enough inventory of shares at the lower prices .0001 > .0002/3 to "last" for 60 days worth of trading without having to buy anymore.
Earning the large profits from the bottom up are way more significant. 50M shares earns $5K every tick it goes up.
The current business has nothing to do with wells.
Top OTC traders don't "average down" - they trade in the here and now from the bottom up.
If a ticker doesn't reach the price of individual tax lots at higher prices - and provided you are loaded at the bottom price - you can always sell the higher price tax lots individually for a tax credit - taking the necessary actions over 60 days to avoid wash sales. That involves creating a large enough inventory of shares at the lower prices .0001 > .0002/3 to "last" for 60 days worth of trading without having to buy anymore.
Earning the large profits from the bottom up are way more significant. 50M shares earns $5K every tick it goes up.
The current business has nothing to do with wells.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
