Not really my setup, but saw all these sub $1 tickers running and wanted to catch "the next one". They were related to corona in some way I think. I lil multiday b/o on the daily chart. But main setup I was playing was that they needed to be over $1 by mid march. didnt work so cut losses and focused on COCP
| Date | Price | |
|---|---|---|
| Entry | 2/29/2020 | 0.63 |
| Exit | 2/29/2020 | 0.585 |
When you are used to trading more shorts than longs do you sometimes look at the long like a short and buy/sell opposite what you should? On the chart it looks like a short with the buy and sell arrows. I'd have to really focus on it or I know I'd mess it up. Thank you. Would you call it two panics or a 5, 3, 4, 3, 4, 3, 6 patterns? I'm trying my best to get this as correct as possible.
@windwalzer I dont short currently (a few underlying reasons for that) but had a couple long entries and sold when risk broken. In terms of the mindset, I do consider myself a "short bias long trader". I look for areas where I can either take advantage of shorts coverings and forced buyins and/or plain old short squeezes.
this trade was a noncompliant ticker and they need to get over a buck by march 18 or have to pay more money for an extension from nasdaq.
Thank you. I have heard they can lose their spot on the market and to go back and trade on the otcbb? I probably don't have the words/terms right, sorry.
@Windwalzer yep. If they don’t meet certain requirements. Nasdaq will delist them and the companies will trade on otc
Thank you.
