MTM. The day in the life of an insto penny stock day trader.
1. After research, login to “socials” to help add to comments of how good things are going to be. Start volume trades in bid on way up.
2. continue to buy as you easily identify retail traders buying in following the hype.
3. Sell hard at highs in to bid late morning before lunch.
4. go to 2 hour steak and red wine lunch
5. come back and watch how far retail holders have sold down in to the embedded buys in the bid that you set before lunch.
6. buy back up to push to a price between open and close. T+2 traders sell to you in the bid at close.
7. buy hard day 3 open.
8. sell in at mid morning and before lunch, then have another long lunch. Don’t come back for the day as there is no intention to continue the game on this penny stock.
just sayin - most smart money will be out by tomorrow - a profit is a profit and a loss is bad. Maybe it keeps going up. But if you made a profit then get ready for the next trade. Super Funds rotating cash in and out of equities do this based on O/N market rotations. Then sit and hold. Micro Cap and pennies work very different. Unless new major insto holders are announced.
2 of the best trades in past 10-15 years that went from day trading pennies to serious holds are SIR (sold to IGO), and NEU. Worth the research to see how the patterns run and then how the patterns change as the share register changes
