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Re: THREE-DAY-TRADER post# 217

Wednesday, 03/01/2017 11:55:54 AM

Wednesday, March 01, 2017 11:55:54 AM

Post# of 410
Exited $SCIE personally in 2 scale-out chunks for average sale of .0016. I sold some late Tuesday (2/28) @ .0017 & last half today (3/1) @ .0015 (on a triggered stop-loss).
My avg cost was .0085 & net profit was 88% after approx 3+ week hold time on this trade.
A copy of my private e-mail alert from earlier is below.



-----------------------------------------------------------------------------------------
(Morning of 3/1/17)


Hi!
Just communicating to let people know they should be out of SCIE if they have not already sold.
Strong, Note-able Resistance appears to be setting in today & ever since the recent .0019 high & once an important area of .0015/.0016 broke down, it was obvious that it was no longer in an uptrend.

This one was a tricky stock to try to time for a proper Sell Alert.
I was away from the computer & unable to e-mail early this morning, but everyone should know as a general rule (stated in the past) that each individual must be vigilant over their own holdings. It's unfortunate it took such a dive all of a sudden within a half hour of market open, but never-the-less it has been really profitable the last couple days for those who took advantage and scaled out of it (perhaps in 2 stages as I usually suggest) or for those who had a stop-loss trigger area needing to hold.
This trade also exemplifies why I always short term trade ('flip') and take advantage of profits available soon as a rule, rather than holding for an extended period.

Overall, for those who took advantage of the ability to take profits--- It's been a great performer for approximately 100%-200% profits for most follower of this trade (with Results variating per individual), or at the very least 20-50% for some who might have bought high toward .001 area without averaging down & who might've sold late today after the .0015 broke down.
Anyhow--- It took in excess of approx 3 weeks to play out (as little longer than my goal timeline for trades), but it is still a very good trade & can be added to my overall largely successful subpenny stock record, making about my 10th subpenny trade (going back to early November 2016 when I personally started trading these again more regularly); 2 of which were sold for small losses, and the rest (approx 8) sold mostly for very nice net profits overall.

Also realize that all that matters is that this trade was again a net profitable success within a relatively short period of time, regardless of wherever the top may be.
Consistency is what matters in the total net longer term when it comes to overall successful trading.


Kind Regards,
3-D-T


















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