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Re: RussellSeenath post# 69553

Tuesday, 01/24/2017 11:32:12 AM

Tuesday, January 24, 2017 11:32:12 AM

Post# of 122015
Copy that Russ - Agreed, chasing would not be the preferred method when trying to average down. Stand by your convictions of what you believe you want to purchase at and see how L2 plays out. It certainly can't hurt trying for .0465 thru .0481, it's worth a shot my friend. I believe that's a solid bottom, based on how $HEMP has been trading, if you can score some of those.

So far we've bottomed twice this morning, if we make a triple bottom this thing could move quickly, as we saw yesterday. That would confirm that is a solid base to build on. I'd suggest setting alerts/triggers on those trades. Meaning, if it does hit .047, use half the funds you want to invest and then set a trigger to execute a buy order a few ticks lower and then purchase two more small blocks below the original trigger. I use TDA which allows for this, I'd suspect most of the major brokers do as well.,

This method allows you to average down on your entire position as well as the daily position you took by simply having your trade platform trigger the BUY/SELL orders for you. (just my 2 cents, for what its worth)

Good Luck today... got run some errands but will be back online around 2pm.

UPDATE after my initial post: 11:47 am EST

Triple bottom confirmed, just happen to notice as I was logging off. Let't Rock n Roll now!! ;)