Trading Summary - August 11. A less than ideal
Post# of 2245
(Total Views: 127)
Posted On: 08/11/2021 6:36:49 PM
Trading Summary - August 11.
A less than ideal day today.
With traders failing to hit the ask aggressively enough at .0009 at the open on August 9 - and at .0008 on August 10 - the pattern seen before kicked in and convertible debt holders who were not getting their quota sold on the ask whacked the .0007 bid.
In good time, it will reverse when enough traders concentrate on hitting the ask but there was just too much else going on elsewhere today that required priority attention - particularly on the breakouts of $PSRU and $INCC.
I will be buying more .0007s when not too busy.
Overall, 331M were traded today in the .0006 > .0008 range - the majority at .0007.
Many impatient amateurs will have sold for a loss from .0017 > .0008 so - once the .0007s are bought out - it should be thinner to the upside just like it was on the last rapid run up .0009 > .0017.
Be ready if interested - either by being already loaded in depth pyramid fashion - or by reacting to alerts immediately to load "just-in-time" as asks start disappearing fast (although you won't get the bottom price that way).
A less than ideal day today.
With traders failing to hit the ask aggressively enough at .0009 at the open on August 9 - and at .0008 on August 10 - the pattern seen before kicked in and convertible debt holders who were not getting their quota sold on the ask whacked the .0007 bid.
In good time, it will reverse when enough traders concentrate on hitting the ask but there was just too much else going on elsewhere today that required priority attention - particularly on the breakouts of $PSRU and $INCC.
I will be buying more .0007s when not too busy.
Overall, 331M were traded today in the .0006 > .0008 range - the majority at .0007.
Many impatient amateurs will have sold for a loss from .0017 > .0008 so - once the .0007s are bought out - it should be thinner to the upside just like it was on the last rapid run up .0009 > .0017.
Be ready if interested - either by being already loaded in depth pyramid fashion - or by reacting to alerts immediately to load "just-in-time" as asks start disappearing fast (although you won't get the bottom price that way).
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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.