it has been a long and expensive road to learn day trading since
february. and my method is to buy in and then buy down to the bottom. so far its been very effective (as long as you keep time on YOUR SIDE), but you must have vast ammounts of intestinal fortitude and patience to do it this way. I have come back from -88% in some cases.
$Meta Materials (MMAT.US)$ taugh me a lot about this game, while making me a boatload of cash in the process.
one solid argument aginst my method is that you could take your loss quickly and and make that money work more efficiently elswhere, rather than wait weeks/months for the mamipulation to stop supressing the price. but i dont give up very easily, and the next stock you run to could suffer the exact same fate. plus by DCA’ing you will reach even so must faster. many time i start selling for profit before I have even reached my first initial buy-in price.
my most recent score using my method would be
$Just Energy (JE.US)$ and an example of my method failing would be
$Sequential Brands Group (SQBG.US)$ what Moo’ers smarter than myself have taught me is that there is no one right way to do this (unless you got hook-ups at the fed, you have proprietary algo programs that should already be illegal, or you have a catchy cool name like TUPAC 🤣), but you can definitely minimize being suckered by all the hype and FUD and manipulation with a bit of earnest research and vigilence. take what you like from many different methods, formulate a solid custom gameplan and then be consistent with it.
