Stock breaks out either way because of the volume, shorting or good news. Consolidation in penny stocks is not consistent activity but yes, I heared somewhere that when the stock is being sold this counts as a volume and also, drives the stock up. Newbies are not that active in stocks but chasers sure. Once u hv a stock and you are losing you want to buy another batch as it lowers and then decrease your overall salling price. This is why Tim teaches to sale into strenght and don't take chances.
As the beginner I chase stocks but then I don't rush to sale. This is why you should always leave money aside to be able to chase the stock. I actually did quite well, on 60 trades I have made few hundred dollars. I yet hv to form my startegy...
Stock breaks out either way because of the volume, shorting or good news. Consolidation in penny stocks is not consistent activity but yes, I heared somewhere that when the stock is being sold this counts as a volume and also, drives the stock up. Newbies are not that active in stocks but chasers sure. Once u hv a stock and you are losing you want to buy another batch as it lowers and then decrease your overall salling price. This is why Tim teaches to sale into strenght and don't take chances.
As the beginner I chase stocks but then I don't rush to sale. This is why you should always leave money aside to be able to chase the stock. I actually did quite well, on 60 trades I have made few hundred dollars. I yet hv to form my startegy...
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