RE: I can't get4 Aug 2020 14:20
Wow - what a fascinating read!
Found this bit particularly interesting:
"OTC BB market makers (MMs) don’t use fundamental and technical analysis. However, what they do realize is a lot of dumb money does use this newest nitch charting or TA (Technical Analysis) to run a stock either up or down. To the MMs this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public and dumb money they will have eating out of their hands. Effectively the MMs can show a strong stock growing weak by manipulating the close price in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honoring orders to hold a stock price."
What was the ex-MM's advise on how to win the game:
Find a great share that you truly believe in, accumulate at the / close to the bottom, and hold on despite all the psychological warfare and doubt MMs deliberately try to cause.