Aug. 21 at 11:12 AM
$ZNB Many of you are probably doing this already. But for new people I will explain my strategy when I am trading stocks with a documented history of rug pulling or scamming.
I keep one share. If I see it go, I jump in. My price target is 2X the 52 week low which in this case is 1.74, so the PT is 3.56. If they tank it to 40 cents, the PT would be 80 cents. When I have my one share, I set a limit sell for my PT because day of things go very very fast. I also set my SL. Then it's just a matter of updating the quantity of shares once I have jumped in.
This avoids a situation where I am halted down and trapped while they tank the price. It has saved me more than once trading high volatility stocks.
Yes I know this can go higher, but doubling is better than being trapped in it while they tank it. If I see the chart looks good at a later date for another 2X or 3X I will reenter, again keeping only one share after they tank post first run.
U can thank ADTX, CDTG, ELAB, ATMC, NVVE for this plan
