Discover and read the best of Twitter Threads about #NavigateTheOTCJanuary
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#NavigateTheOTCJanuary
1/27/21 EDITION - REVERSE MERGERS
You hear the term a lot - reverse merger, but do you actually know what they are and how they play out. A reverse merger is when a public company takes over a private company so the private company doesn't have to take
1/27/21 EDITION - REVERSE MERGERS
You hear the term a lot - reverse merger, but do you actually know what they are and how they play out. A reverse merger is when a public company takes over a private company so the private company doesn't have to take
steps to go public. Many penny stocks make excellent reverse merger candidates because it doesn't cost much to purchase the shares of the stock. @WildRhino posted an excellent pinned tweet on the steps of #OTC #Stocks. I will go through each step in some detail: 
1) CUSTODIAN APPOINTMENT - This is when someone is appointed to get the stock prepared for a merger and to do the intermediate steps. Clark County, NV has cases where custodianship is granted.
2) CUSTODIANSHIP GRANTED - This is when the court (like Clark County for NV corps)
2) CUSTODIANSHIP GRANTED - This is when the court (like Clark County for NV corps)
#NavigateTheOTCJanuary
1/26/21 - OTCMARKETS SIGNS FOR #OTC #STOCKS
Most traders are familiar with OTCMarkets.com. The website gives details on a stock like share structure and filings. There will be a flag like a stop sign or a yield sign indicating its filing status.
1/26/21 - OTCMARKETS SIGNS FOR #OTC #STOCKS
Most traders are familiar with OTCMarkets.com. The website gives details on a stock like share structure and filings. There will be a flag like a stop sign or a yield sign indicating its filing status.
1) CAVEAT EMPTOR (AKA THE SKULL AND CROSSBONES) - This means something suspicious is going on or has gone on with the stock. Triggers can be a questionable promotion, past scams, a suspension in the past, or fishy ownership. Unless filings hit (and even then wait), stay away!
2) STOP SIGN - Filings have not been filed on time so the company needs to catch up. Many of these aren't good securities, but if there was a recent reinstatement (company updated profile checkmark) or filings are starting to pour in, a stop sign that has been asleep for years is
#NavigateTheOTCJanuary
1/25/21 - STAYING ONE STEP AHEAD
Yesterday, I discussed using retrospectives to help you do more of what you did right and less of what you did wrong (use hashtag #NavigateTheOTCJanuary to find 1/24 post). Today I'll discuss looking ahead for #OTC #stocks
1/25/21 - STAYING ONE STEP AHEAD
Yesterday, I discussed using retrospectives to help you do more of what you did right and less of what you did wrong (use hashtag #NavigateTheOTCJanuary to find 1/24 post). Today I'll discuss looking ahead for #OTC #stocks
1) HAVE AN EXIT STRATEGY FOR WHAT YOU OWN - If you have a large position, gradually exit the stock. Have plans to sell small pieces of the stock into heavy volume spurts. You'll gradually build a cash position that you can use to let trades come to you.
2) RESEARCH STOCKS THAT YOU DON'T OWN - New hot stocks arrive every day, and some hot stocks retrace and still have plenty of catalysts to break old highs. If you watch the catalyst and price action on stocks you are watching, you can better gauge where to take a starter and
#NavigateTheOTCJanuary
Trade #OTC #Stocks smart
1/24/21 EDITION - BETTERING YOURSELF BY SELF-RETROSPECTIVES
In industry, many teams use "retrospective meetings" to understand what went well and what can be done better. Smart OTC traders use that philosophy to make better
Trade #OTC #Stocks smart
1/24/21 EDITION - BETTERING YOURSELF BY SELF-RETROSPECTIVES
In industry, many teams use "retrospective meetings" to understand what went well and what can be done better. Smart OTC traders use that philosophy to make better
entries and exits in the future. I do that when I trade, and you should, too.
Part 1 - Analyzing what didn't go well
We've all had bad trades and they'll occasionally happen. It's how you handle them and how you learn from them. @NickPeist recently put out a video about how he
Part 1 - Analyzing what didn't go well
We've all had bad trades and they'll occasionally happen. It's how you handle them and how you learn from them. @NickPeist recently put out a video about how he
learned from his mistakes in the past, and I look back to not repeat them. Looking back, my worst losses happened due to chasing momentum, believing price targets, and being afraid to take a small loss. Also, "cult plays" have been failures for me. So when I'm about to buy a
