Watching the pre-market action this morning trying to investigate what strategy is going to best work for my schedule. I noticed RNXT was spiking pre-market (thanks too top% gainers) which gapped up .28. It hit a high of 3.58 before finding resistance and starting to decline closer to its original gap up price. I remember the lessons from Tim that talk about pre-market action & how you can see some nice gainers during that period but I also have a loud voice in the back of my head (Tim's) yelling BE CAREFUL & stay aware of liquidity because it is not as robust as Intraday trading.
It did end up spiking (although not as high as I wanted) but in the end the drop that started to happen after buying my position forced me to cut my losses and run away with the profits I had. Run away with the meat of the action.....in this case my action.
Cruz Control Out!!!!!
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