learned my lessons regarding sub penny stocks so I am taking them out of my list of trades because I don't like the % loss potential after my 12% loss from slippage and hitting under the bid to get out in order to cut my loss quickly on $AFOM. took a solid single on $ZNOG though on that panic dip buy.
My strategies now include 1st and 2nd Green Day swizzles when they consolidate all day and prove they are worth for a buy nearing 2pm EST. I may try over night holding on FGD and potentially 2nd green days ideally with breakout potential for a runner. This will come later though. Third is Tims classic panic dip buy ideally in the morning but there are exceptions like ZNOG when they fit the criteria. these are the 3 types of OTC plays I will be focusing on.
ENZC - I want a 2nd day morning panic dip buy. these stock having been panicking more than listed so ill be watching anywhere from 20% + panic. its not exact so Huddie advised me to become insanely familiar with Level 2 so I am back to studying that even more.
TSNP - I am watching for a continue morning panic to potentially dip buy and ideally the stock panics to the lower .12 range as Tim said since there's support. also Tim said support doesn't matter as much as Level 2 in his video lesson so again I am studying Level 2.
ZNOG - I capitalized on the bounce so I am watching for a continued morning panic tomorrow and looking to buy the bounce potentially based on level 2 but as Jack reminded in chat - this stock has a tendency to Fake out so I will be cautious.
SEGI - I don't consider this as ideal as the other 2 but I am still watching for a potential 2nd red day and maybe a morning panic dip buy. Ill have to watch the price action.
FNMA/FMCC - both had their first red day so perhaps they will have a 2nd one. I will watch and learn more than likely instead of trade it. I need to become better at reading level 2.
VRYYF - higher prices than I care for on OTCs so Ill more than likely watch and learn.
ALPP - not sure if this is going to have a 2nd red day but I am watching since volume has really faded so I think it might be done but it had a big red day before that it had rebound from.
GWSO - Tim is long overnight for FGD OTC Breakout with News that closed strong so I am watching for a potential afternoon Swizzle.