[TimChallenge] $MACK made some good gains over the weekend
Thanks for the words of wisdom
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Exactly what I do every night, during midday trading, and the weekends! STUDY!!!!
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Good to read this, i got few things cleared specailly abt tehcnical indicators...I just cannot understand how people use RSI, MACD and MA in penny stocks, these indicators will never show true picture on Penny stock unless there daily trading volumes are in millions..point 108 help me reconfirm my assesment about technical indicators..
all u need support & resistance and trends lines. BUY on breakout and sell on breakdown
Jason Thanks for sharing your knowledge but dont you think in Penny stock these will show wrong picture, Eg, RSI wil easily get overextended if a stock is uptrending which logically means we should not be taking long position in that stock, whereas actually that stock may go up 200 or 300%
Those are not rules, takes an hour to read, a lifetime to digest, that is the essence of a master player, LOVE IT
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[TimChallenge] $PTX starting to close on previous support from last october
[TimChallenge] $ARTX on the move
[TimChallenge] $OREX climbing nicely
Thanks I will think through this.... Max $ loss / stop loss per share = # shares.
@huperauxano Yep always keep $ loss the same no matter how much money you invest per trade :)
@Chongette32 that's how i work it out too. I used to say a $200 loss was ok relative to my account size, but in reality it was too large for me mentally.
@Learnthings Yep it's whatever your comfortable losing. Mine is only $50.
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