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Re: RB_79 post# 130033

Thursday, 05/01/2014 4:19:30 PM

Thursday, May 01, 2014 4:19:30 PM

Post# of 162660
eh - guess RB has a heart after all ;)

Well we ended the day without the 3 crows and the Chaikin at its all time high so we might not see a reversal here until maybe next week with some good news.

So back to square 1 from earlier in the week. This will trade sideways again for another period of time.

Just hang tight guys. Things will look up. If you are down like the last few poster then take RBs advice and average down. Of course only if you can afford it. Typically I would not advise the average down practice cause it can screw you over big time but in this case we already know where the bottom is. No lower that 7s unless Mr. Shea does something drastic. if you are in for 1MM @ 19s then spending another $1600 for another 2MM @ .0008 will take your average down to .0011-.0012. A much more realistic PPS for the short term. At least this will help you get out with minimal lost.

GLTY

My next target right now is to retest that .0015. If we can bust through that then maybe just maybe we will be on for another good run and retest .003. So my trading plan is this:

.0015 - sell and wait for the slight dip (did this on the last run)
.0017- sell and wait for the dip after the day traders take their profits
.0023 - rinse and repeat and then hold tight to test the .003-.0035.

This is all with starting capital of 20K with 20MM @ .001 and end result will be 56k in pure profit (accounting for stop loss and rebuy/average down). All with a stop loss @ 2-3 ticks below purchase price.

This is my trade plan and you should come up with your own.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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