Updating my post r/s trading example for strategy
Post# of 1674
Previous post:
At no bid x .0001 - r/s 500:1 - so .05 would be the equivalent of .0001 ask.
Day 1: 190,270 traded equivalent to 95M traded - range .025>.03.
Day 2: 990,681 traded equivalent to 495M traded - range .0102 > .02
Day 3: 295,507 traded equivalent to 147M traded - range .0103 > .015
Day 4:132,187 traded equivalent to 66M traded - range .011 > .0159
Day 5: 231,122 traded equivalent to 115M traded - range .0114 > .0185
Day 7: 144,639 traded equivalent to 72M traded - range .019 > .030
Day 8: 145,402 traded equivalent to 73M traded - range .0230 > .038
Today's Update:
Day 9: 158,615 traded equivalent to 79M traded - range .0337 > .0339
Up another 5% to post r/s high .0339.
85% of trades at hod - people still adding to average down.
Equivalent already to recovering 80% of value of former .0001 cost basis shares.
Over on iHub, the non-traders - and mostly non-shareholders who previously already sold for a loss - continue to whine rather than plan ahead.
On REDG, I will be working out the % of shares of my total that were former .0001 shares and setting suitable profit targets for batches of those and keeping the much smaller % of higher cost basis ones as my lotto for surges on PRs, future developments etc
Extremely busy on multiple runners elsewhere at present so I will not necessarily be updating this example every day. Watch and learn by monitoring BMIXD progress on L2 if interested.
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.