Strategy Description: Worth mentioning that unlike other pumps which pretty clean. This one hadn't even gone red on the day during the pump until today. This increased confidence of a dump significantly.
Was news after close yesterday that OTC was requesting more information. Although news isn't essentially. This actually created a gap down which made it somewhat harder to trade.
On gap down important not to get fomo. It is possible that it does a mini-squeeze out (after all the stock is manipulated). So piecing into trade over time is important. Especially since fills can be difficult. I was definitely slightly too early on my second add.
The second add should only be right before the dump - hence immediate cover when it doesn't dump.
You want to hold this type of trade as long as possible, but quite important to cover into anticipated levels. Bounces can be big and hard to execute on after the fact. Especially on illiquid issues like this.
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