Jun. 12 at 10:45 PM
Chris, stop handing your money over to options market makers (MMs) and start studying the accumulation patterns of penny stocks instead. Back when
$SRXH was trading sideways, I shared my bullish thesis with him.
The guy went absolutely all-inhe snapped up 500,000 shares at an average price of
$0.13! Sure enough, the stock skyrocketed today, pushing close to
$0.20. His position is now worth a whopping
$99,000!
The craziest part? That single position makes up 62% of his entire portfolio. I told him I admire his conviction, but he needs to start scaling out of the position now.
For micro-cap stocks, look for areas of deep consolidation to quietly build a position. Then, when the retail frenzy kicks in and drives the price up, use that liquidity to sell and lock in profits. Don't let a massive gain turn into a wild "rollercoaster" ride. Remember to secure your profits!
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