Finished the day +20$. It was a pretty up and down day of trading. Was down as much as 425$ and then up 650$. I threw out basically all of my gains in the last hour of the day on a $FNKO failed sympathy play, $GME short, and finally $TKAT AH trade. The AH trade really got me annoyed because I should know better than trying to trade AH, it is not price action that I am good with and feel like I have no edge here. I gotta stick with what works best for me and avoid the rest. Sometimes the best trade is no trade.
The OTC market is definitely starting to heat back up and they are starting to have more range. I need to focus more on swizzles, FGDs or shorting after its been up for multiple days. I have been getting a bit antsy to short these plays without letting them get OE and now the overall market bounce is in full swing, so these plays are going further than they were the past week or 2. Gotta keep adapting in this game and notice how quickly a shift can happen.
NFTs are the next huge sector. I have built a pretty solid watchlist and will focus on these plays and continue to add any others that put out PRs. I anticipate many other OTCs and companies like $DPW that change their business model every 3 months will start putting out news to jump in this space. Just gotta realize that a lot of these moves will be quick and unsustainable because there is no substance behind it. The real NFT players should have legs for several days/weeks and others will be a flash in the pan and fizzle off.
I have been on fire in the 2-3pm window the past week and have found that this where I can find some great deals. This is when I find sympathy plays that are lagging behind and speed up drastically when a little volume comes in. I found some success with that today buying just before the HOD break on $MARA as BTC was spiking and sold way to soon. Also with $IMTE in the NFT space, I saw it just under VWAP and others were skyrocketing. I will continue to look for theis plan in that time frame and near the open. The rest of the day has been a toss up for me lately. Gotta condense my trades, stick to the best, avoid the rest, and protect gains.
Join now or log in to leave a comment