Swing Trading a Marijuana Penny Stock OGI LongOGI is a highly volatile penny stock in the marijuana subsector. It is too cheap to short It does
have options. ( The strike $2 for 3/15 contract on Friday went 67% from the LOD to the high of
day). On the 15-minute chart is shown my swing trading strategy for OGI. Each up arrow is one
lot of shares while the red arrow is to sell a lot. The lot size can be number for example
1,20,50, 100. consistency helps the strategy.
There are seven trades taken, three are completed while four are open. The three completed
trades average 2.5 to 4 % daily return and compounding when the cash returns from
settlement or new cash is deployed while awating settlment. There is no need for
margin. The options strategy yields more than 10% per day for capital deployed into
call contracts. The mass index indicator is used in lieu of a set of moving averages.
The dual time frame RSI looks for an early warning of a reversal with bearish divergence and
the faster RSI < slower RSI while the linear regression line in a reversal goes to a zero slope
before becoming downsloping.
This is an easy strategy with very little time and effort involved that can be scaled
once experience and results demand it.
This is an effective strategy to grow a small account in a short time. For those with significant
math skills or who know how to use a scientific calculator. Calculate the number of trading days needed to 10X initial money when the account balance is compounding each session and the compound rate is 2%. ( This strategy will compound an account 2% per trading day if 65%
of the account balance is in trade at any time with the remaining 35% settling or waiting
in cash for the next trade- I have done this several times with a few mentees.) ( Post your
result and I will private message you the calculation)
