Monday, June 16, 2014 1:24:57 PM
Many trip one stocks at this level have broke out with introduction of a catalyst event. People buying at these levels aren't concerned with the intrinsic value because there isn't any.
For Those that have not traded subs but have been toying with the idea:
* Expect that you will lose your entire investment as with any stock you buy regardless of price.
* Follow traders and boards that have good success with trips... Most provide dd and their very useful expertise. Make a watch list with their various picks. Keep up with it daily and study how it is trading and who makes consistently productive trades.. be patient here but also be careful because once one has gone parabolic, a dump looms... don't chase any stock or be doomed... Personally I don't play many of them since they have already bloomed and with each tick in price your potential returns diminish.
* Look at the charts of daily trades and also look at a 14 or 20 day charts and maybe a longer period of 120 days.
* Pay special attention to volume and price spikes on these charts and also read the pertinent board
***** It's your money and you need to take accountability and never buy any stock based solely on what someone tells you*****
My Trading Philosophy
Remove One
• Big Winner • Small Winner • Small Loser • Big Loser
• Opinions expressed by me are my own and are not recommendations or suggestions to buy or sell any stocks
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