Monday, February 02, 2015 7:18:44 PM
TREN
sitting on 100k at .0045. so...
whether to hold, sell or trade, that is the question. and here, where exists the Zone of Excessive Noise, it is a question not easily answered.
the daily chart shows a bust-out move is on the horizon. the bollies are widening out, and the 5/10/20/50 moving averages have aligned fastest to slowest. stochrsi calls for having a position. and all the indicators -- momentum, trend, accum, buying, and pressure -- are pointed north. ergo, if the trend is my friend, i should be holding, right?
since i'm illiquid, and this is a very speculative play, i plan on following some safety precepts. such as locking in profits, culling shares by selling into strength. i have an order in for 25k at .04. bid breakout over .02/.025 takes this toward .05. have a secondary order for 50k at .08, on the way towards resistance at .10. if this trades all day outside the bollies it will call for the contemplation of a sell of everything on the precept it will pull back and trade within the range that is the bollies. 5ma support line is at .009. i'll be surprised if this trades below copper tomorrow. top bollie is currently close to .011. should have an intraday trade just within, somewhere around .012-.013, and that anchoring of the candle will keep this orderly. at least, that is what i suspect. i look for a test very shortly of the .045-.05 area and on break a move toward a dime.
too bad i won't be around tomorrow afternoon to adjust if it doesn't break .025, which btw, would not be unhealthy. otoh, an oversized run will call for a powerful pullback.
yada, yada, yada
sitting on 100k at .0045. so...
whether to hold, sell or trade, that is the question. and here, where exists the Zone of Excessive Noise, it is a question not easily answered.
the daily chart shows a bust-out move is on the horizon. the bollies are widening out, and the 5/10/20/50 moving averages have aligned fastest to slowest. stochrsi calls for having a position. and all the indicators -- momentum, trend, accum, buying, and pressure -- are pointed north. ergo, if the trend is my friend, i should be holding, right?
since i'm illiquid, and this is a very speculative play, i plan on following some safety precepts. such as locking in profits, culling shares by selling into strength. i have an order in for 25k at .04. bid breakout over .02/.025 takes this toward .05. have a secondary order for 50k at .08, on the way towards resistance at .10. if this trades all day outside the bollies it will call for the contemplation of a sell of everything on the precept it will pull back and trade within the range that is the bollies. 5ma support line is at .009. i'll be surprised if this trades below copper tomorrow. top bollie is currently close to .011. should have an intraday trade just within, somewhere around .012-.013, and that anchoring of the candle will keep this orderly. at least, that is what i suspect. i look for a test very shortly of the .045-.05 area and on break a move toward a dime.
too bad i won't be around tomorrow afternoon to adjust if it doesn't break .025, which btw, would not be unhealthy. otoh, an oversized run will call for a powerful pullback.
yada, yada, yada
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