hope you like waking up to a gap down, i wouldnt recommend buying a stock thats up like 1000% this past month, especially with a red candle like that on the daily, good luck!
Looking at the 20ma line it is at 5.07 and it has a slight negative slope to it. I don't buy a stock unless it crosses the 20 ma line when this line also has a positive slope. I think DPW could go in any direction at this time, so I would consider it too risky. In the past I made a lot of costly mistakes holding overnight. But ... 1 share is hardly taking a risk.
@moneybags97 haha yeah.. I'm halfway expecting that but we'll see in the morning
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I"m about to blow up too
GL -- I had the same goal as you - but this is bloody hard!
@KingStaz may be a good Time to take a few days off to study and prevent the blow up, good luck!
@Torkers true it’s hard, but the end result will be well worth it, good luck to you as well
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LOL stick to your plan man!
thats why you should use mental stops instead - alot harder to act on but when you get good you will do it based on the mental stop loss instead - gL!
thank you for your post, so noted...
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@Juliaann_ it gapped up yesterday and finished at its highs with over 50 million shares traded and over 100 million shares traded today
Thank you. Sorry if noob question lol
One good indicator to look for, when shorting, is fading volume. TRXC did NOT have any fade in volume at all. It actually had an increase on day 2.
@Juliaann The price action at the end of the day is often a good indicator for good Day 2. At the end of the day, on Day 1, TRXC was still slowly climbing up until the close. A stock that ends the day like this CAN (not always) be a good overnight hold and you can avoid using a day trade.
Awesome! I’ve been at this for about 2 years now and am still down, but grinding away slowly at it
@dux thanks dux!! much respect to you!
@Rollingball way to stay motivated! hoping big profits come your way!
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