TRACKING STATS ------ Min 51:20----Min 1:12:45 ----- PART 4 ---- TRADING TECHNIQUES ....
OTC up-listings are great news catalysts [super rare though, they're not common].....
OTCs start pre-market trading at 8 am.
Min 26 – Min 30:40 ------ Jackaroo likes trading stuff that has massive price action and is a huge scam because the price action just makes more sense to him | buying breakouts on a strong market (stock spikes, pulls back, then buying it on the breakout #scams price action is most clean for breakouts) | shorting stocks that are way too over-extended (if it is up 3-5 days in a row then I look to short it when it’s falling off the cliff) | panic dip buying is a little bit tricky but if it’s a natural type selling pressure due to stop losses and not massive dilution then usually there’s a good bounce --- I just traded these patterns the last 5 years and really grew my account … THE MORE VOLUME THERE IS THE GREATER THE OPPORTUNITY (THE LESS RISK THERE IS) BECAUSE THEN THERE IS NO WORRY ABOUT SLIPPAGE; VOLUME IS JACKAROO’S #1 INDICATOR, THEN TECHNICAL LEVELS (HISTORY OF THE STOCK’S CLEAN PERFORMANCE OR IS IT SUPER CHOPPY?) --- DAY CANDLES THAT AREN’T VERY WICKY BUT HAVE SOLID CANDLE BODIES ------- www.youtube.com/watch?app=desktop&v=cj4X2fgAuHk …….
Min 40:30 -------- WOW --------- how I can potentially make $10,000,000 off of just ONE TRADE (in OTCs), by catching them early and holding until it spikes huge ------- https://m.youtube.com/watch?v=cj4X2fgAuHk ….. #OTCs #supernovas
Min 21:30 ------- Grittani on OTC stocks (gap ups) | they're much better at holding their gains.......... HOLDING OVERNIGHT: Grittani prefers holding OTCs overnight (not listed/Nasdaq stocks). I think it's a lot higher odds when you see an OTC closing strong on the day, that it will GAP UP and have another strong day. OTCs are very technically pure (clean charts). With listed stocks, it's much more of a toss up; take the trade, but manage your risk. If the stock GAPS DOWN the next morning instead of GAPPOING UP like you expected, you just gotta get out ---------- https://youtu.be/mDrcRDcjRCw ......
I love OTCs (over Nasdaq or any other exchange) because they don’t trade very much premarket or after hours … a few orders sneak through.
By and large, if a company has good news overnight or premarket, everyone has to buy right at the open. This is what I love. (this allows OTCs to really surge predictably).
One of my favorite strategies is buying a stock with good news on a Friday / Friday afternoon and holding it over the weekend.
As people read about it over the weekend, they put in their buy orders -- all the buy orders stack up on Monday morning, and you can just sell into the spike.
This creates a little bit of an opportunity where there’s no pre-market trading, and that allows for a more predictable GAP UP or morning spike based on supply and demand. -Tim Sykes
-
The hype-believers or newbies looking for a lottery ticket see the news after-hours. But they can’t buy. So, they put in an order to buy as soon as the market opens. Those orders stack up — demand is high. And that can create a GAP UP where the stock opens higher than it closed.
Min 43:15 ------- OTCs are
way easier compared to Nasdaq(listed) where you have algos, and huge money
----- www.youtube.com/watch?v=65P3sgZLk1Y ...........
Min 11 ----- Trading OTCs
is like playing basketball against midgets --------
www.youtube.com/watch?v=65P3sgZLk1Y ......... #Jackaroo
OTCs do not trade in
afterhours... they can trade in pre-market but they're usually very very
illiquid (so most of the time they're an 'ignore' in premarket)... -[Bohen]
QUESTION: Is it easy to
learn NASDAQ(listed) first, or OTC?
TIM SYKES: I really prefer
OTC. . . If you see me trading OTCs, there's a reason why. . .
COMMENT: Tim, it took a
while for your cynical mindset to sink in about OTCs. You're absolutely
correct, the stock can have the greatest news but if the market says it's not
worth it then it's just crap.
TIM SYKES: OTC companies
just lie. . . . The promoters that are behind these OTCs are shady af. . .
Sub-penny stock plays, I’ll
watch it, but I’m just not a fan of sub-pennies unless they're going up 300%,
500%, 1000%, cause then they might not even be sub-penny by the end of the day.
. . -TIM SYKES
Min 12:30 ------- Nasdaq is
more dangerous than OTCs because of the liquidity that exists in Nasdaq
--------- www.youtube.com/watch?v=8TlC2DlIKLs .........Jackaroo likes to stick
with OTC as a result........ He's made 2x the amount from OTC that he has made
in Nasdaq......
When the OTCs are in
action, that's really what I care about and what matters to me [over Nasdaqs]...
-[Matt Monaco]
Min 1:30 --------- how OTCs
move ---- it's a lot cleaner and the Level 2 is great for beginners to get a
feel for Level 2 (the Level 2 makes a lot more sense than a Listed Nasdaq
stock's Level 2 does) ------- www.youtube.com/watch?v=yQwmdpYrLV0 .........
CHECK FOR NEWS FOR OTCs
here -------- www.otcmarkets.com/market-activity/news ....... this is what
Jackaroo uses........
Min 4 ------- buying First
Green Day OTC runner stocks in the last 30 minutes of the day is a great
stratagem, then sell right at the opening since you have to expect like a 3-5
minute delay for execution for a lot of these OTCs -----
https://youtu.be/UWIE6HV6F_0 .............
USING STOP LOSSES WITH
#OTCs::::::::::: You can use STOP-LOSSES for OTCs.. You can use STOPS
anywhere... The problem is, with OTCs, you're gonna really big SLIPPAGE... I'm
comfortable more times than not putting STOPS on Listed(Nasdaq) stocks... So in
that case, if i get stopped out, i'm not going to get that much slippage....
For OTCs, what causes the big panics is when people put STOPS on them, because
market-makers will purposely fill you at the bottom (of your stop loss)... You
basically gave them an empty check into your account to make sure you're filled
at the worst possible spot. So... you can use STOP-LOSSES on OTCs... but it's a
very dangerous game to play... STOPS on OTCs swings are difficult... Jackaroo
does this thing where he puts TIME-BASED STOP LOSSES, where he sits in a
position for like 6-months waiting for it to run. That's cool too. That's hit
style, that's just not something i'm really comfortable with at the moment for
the time being... -Monaco
HOW TO #SWING TRADE
#OTCs::::::::: Min 10 --------- put money into OTCs that are basing, in hot
sectors.... you can make 500% and 1000% winners -------- Swing Trading can
allow you to grow your equity safer, than buying these dips -------
https://youtu.be/pzWJvuUJ4ps ........ #Jackaroo
When traders of OTCs / pink
sheets see a stock is down a lot, they start seeing their account balance and
they start thinking about the implications and seeing how far it goes down ---
that's when they usually start to realize the risks of pennystocks, and they pu
tin a sell order over night or in the morning before they go to work... and
because OTCs don't trade pre-market, it usually creates a ton of sell-orders at
the open, and the panic (stock drops immensely)....these newbies were believing
the promoters, etc...
Min 10:20 ------- it took
Dom TEN MONTHS to figure out trading | buying breakouts and dip buys in OTCs
was his niche ------- www.youtube.com/watch?v=tfAtdyqxzOY ......... #dom
#BtheStory #OTCs
The First Green Day pattern is more predictable with OTC stocks. Why? OTC Stocks Don’t Trade Premarket..... Because with listed stocks, you never know what will happen in extended-hours trading.
If you hold the FGD pattern overnight on a listed stock, you need to be present during extended hours. You need the ability to trade in extended hours and watch the stock to protect yourself..... Less meticulous, uneducated traders see the price action/news after hours. They get interested — but the market’s closed. So they place a market order that gets executed at the market open. This can create a gap-up — where the opening price is higher than the closing price. For this reason, an overnight hold on the FGD pattern tends to be more reliable with OTCs.
• OTC breakout ----
(it would've spiked a week ago or two ago, it consolidates for a couple of days
or a couple of weeks, it then has a PR or something that gets it to then
breakout).. OTC breakouts are so awesome because they usually trend for TWO or
THREE days... So Monaco likes to swing it for a day or two
(especially buying it in the afternoon, so then you can swing it for that
gap-up)..
-
If you’re looking for an OTC breakout, you want to see more buyers than sellers. If everyone’s matching the asking price, the price will go up. You’ll see a move up on the ask and the bid moving up as more buyers come in. If you want to short a stock, you're looking for the opposite.
OTC MARKET GAP UPS (Friday spikes, Monday morning spikes | weekend holds)
I love OTCs (over Nasdaq or any other exchange) because they don’t trade very much premarket or after hours … a few orders sneak through.
By and large, if a company has good news overnight or premarket, everyone has to buy right at the open. This is what I love. (this allows OTCs to really surge predictably).
One of my favorite strategies is buying a stock with good news on a Friday / Friday afternoon and holding it over the weekend.
As people read about it over the weekend, they put in their buy orders -- all the buy orders stack up on Monday morning, and you can just sell into the spike.
This creates a little bit of an opportunity where there’s no pre-market trading, and that allows for a more predictable GAP UP or morning spike based on supply and demand. -Tim Sykes
-
The hype-believers or newbies looking for a lottery ticket see the news after-hours. But they can’t buy. So, they put in an order to buy as soon as the market opens. Those orders stack up — demand is high. And that can create a GAP UP where the stock opens higher than it closed.
Min 21:30 ------- Grittani on OTC stocks (gap ups) | they're much better at holding their gains..... HOLDING OVERNIGHT: Grittani prefers holding #OTCs overnight (not listed/Nasdaq stocks). I think it's a lot higher odds when you see an OTC closing strong on the day, that it will GAP UP and have another strong day. OTCs are very technically pure (clean charts). With listed stocks, it's much more of a toss up; take the trade, but manage your risk. If the stock GAPS DOWN the next morning instead of GAPPOING UP like you expected, you just gotta get out ---------- https://youtu.be/mDrcRDcjRCw ......
ANSWER: 100%. I love OTC stocks because they’re less choppy. OTCs don’t trade premarket or after-hours, so a lot of the orders pile up.
Let’s say an OTC company has good news overnight or before the market closes. If anybody sees that news and wants to buy anytime in the next day, all of those buy orders pile up and try to get executed right at the market open at 9:30 am.
This usually creates a GAP UP or a morning spike as the market makers like to spike this stock when there’s say 200 different people who want to buy, and only seven people who want to sell. That’s versus Nasdaq or other exchanges where they trade pre-market. They’re usually more liquid. They’re easier to get executed.
Even if you put in an order on an OTC stock, you might not get executed for a few minutes. It’s a much smaller exchange, and that can lead to good and bad.
The good thing is if a stock does have good news — if there are a lot of buyers — it pushes the price up. And if you’re already long, it’s just like surfing. You’re riding a wave of buyers.
But it’s bad if you’re trying to sell into a panic and you can’t get out because everyone else is trying to sell too. So you have to think about the differences between Nasdaq or listed stocks and OTC.
The First Green Day pattern is more predictable with OTC stocks. Why? OTC Stocks Don’t Trade Premarket..... Because with listed stocks, you never know what will happen in extended-hours trading.
If you hold the FGD pattern overnight on a listed stock, you need to be present during extended hours. You need the ability to trade in extended hours and watch the stock to protect yourself..... With OTCs, less meticulous, uneducated traders see the price action/news after hours. They get interested — but the market’s closed. So they place a market order that gets executed at the market open. This can create a GAP UP. For this reason, an overnight hold on the FGD pattern tends to be more reliable with OTCs.
IF A STOCK GAPS UP, AND HOLDS ITS SUPPORT LEVEL #OTCs
If a stock gaps up and holds support, you've got a very easy risk level (and you can just basically click the buy button) #lol -Matt Monaco
STOCK GAP DOWNS CAN BE POTENTIAL BUYS
When you have a gap-down and the stock's trying to come back, they actually have a tendency to fill the gap.. don't expect necessarily that the gaps will be filled, but they will try to make an attempt..... -Sykes
OTCs TEND TO GAP DOWN (THE PLAYS CAN BE WEIRD | BE MORE CONSERVATIVE ON "WEIRD" PLAYS | MAKE A MENTAL NOTE ON THESE ONES)
The thing is down 80%. . . it GAPPED DOWN 80%. . I know some people were long overnight. . . that's the risk with OTCs. . . On any play, especially these sketchy OTCs, you can have these big gap downs. . . -Sykes
Min 8:30 -------- WHEN YOU GET THE GAP, SELL THE GAP::::::: when it gaps up 10%-40%, you sell::::::: sell the GAP UP for OTC stock moves -------- www.youtube.com/watch?v=441zuv1YJes ........
There are millions of trading patterns... So how can new traders find what works for them?... keep it simple.
1. the OTC gapper: OTCs can be great for traders with small accounts.
[a big percent gainer … It hits multi-month and multi-year highs. When this happens, it tends to show up on everyone’s scanners. Traders are buying into that close. Then it proceeds to trend up all day].
2. the morning panic dip buy:
[an OTC gapper for four days in a row ... Once the stock has gapped up, it goes red and crashes hard. Look for the turning on the level two … They see bidders step in and a green candle on the five-minute chart. That’s what traders key in on].
- When tracking VOLUME, always track both of these:::::: [VOLUME in premarket] and [VOLUME end of day].......
- What was the stock's OPEN price?
- What was the stock's CLOSE price?
- What was the stock's HIGH TICK price?
- What was the stock's LOW TICK price?