wow you played OOIL perfectly .. i like the LOWRISK method of trading.. now tha ti have some experience and have seen huggggeeee gains disappear even faster than they rose up i would rather trade lowrisk as well with PLANNED ENTRY and PLANNED EXIT that is why i need to learn how to trade with the set standing buy orders.
also tho low trade sometimes when watching for the top resistance break.. i noticed that sometimes there is a "FAKEOUT" like say .20 cents is a top resistance point so i have a standing buy order at .205 or even .209 how can you protect yourself from a 'fake out' do you wait till it is broken and watch to see for continuation or I'm not sure what to do there... or once the standing buy order is placed you also have a sell order triggered to stop loss at say 5% or so I appreciate it
i know you have posted about all of these before plenty of times and i just didn't understand it at the time. i will go back and re read ALL of your study guide compilations and key posts because now i feel like i have a MUCH BETTER UNDERSTANDING of how things work and WHY TAKING PROFITS THAT ARE PRESENT AT THE TIME is by far the best instead of "hoping" or "waiting" for more "thinking" the run will continue...
id rather do what you did sell bank profits and then if continuations occurs you could always buy back and sell again instead of losing profits by holding and waiting only to have the stock plum it from all the other profits takers
your experience and trading methods are outstanding low trade i give you a lot of credit
i have learned so much from you and continue to do so as i understand more and more now
Any stock mentioned is not a solicitation to buy. I reserve the
right to buy, sell, or hold any stock mentioned here. Only invest what you can loose.
