Hard bounce off .0006 just prior to the close on F
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Posted On: 06/24/2018 10:30:36 PM
Hard bounce off .0006 just prior to the close on Friday - with large buys on the ask at .0008 - after iHub mentality clueless traders panicked and oversold when the CEO's Tweet from earlier appeared to have been deleted.
The top traders weren't even trading on the basis of the Tweet - they were reacting to the move and trading accordingly [hence why I didn't even find the Tweet (#85) until about 33 minutes after the action started and was spotted and alerted here (#80)].
The CEO has since confirmed that future announcements will be in formal PRs in due course.
Those who follow my successful trading system - buying pyramid fashion on the way down - thin at higher levels and much thicker at the bottom - and on reversal / runs keep the cheapest to sell last and sell higher priced holdings for a conservative profit to convert the cheapest holdings to "free" - will have done just fine on Friday.
Those who were alert and savvy enough to have .0005s + .0006s already before the run started could easily have sold any .0007s > .0011s for a profit and be left with .0005s and .0006snow [closed back up at .0008 after running to .0012 initially].
The top traders weren't even trading on the basis of the Tweet - they were reacting to the move and trading accordingly [hence why I didn't even find the Tweet (#85) until about 33 minutes after the action started and was spotted and alerted here (#80)].
The CEO has since confirmed that future announcements will be in formal PRs in due course.
Those who follow my successful trading system - buying pyramid fashion on the way down - thin at higher levels and much thicker at the bottom - and on reversal / runs keep the cheapest to sell last and sell higher priced holdings for a conservative profit to convert the cheapest holdings to "free" - will have done just fine on Friday.
Those who were alert and savvy enough to have .0005s + .0006s already before the run started could easily have sold any .0007s > .0011s for a profit and be left with .0005s and .0006snow [closed back up at .0008 after running to .0012 initially].
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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.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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