AI
Saturday, December 16, 2017 12:39:23 AM
I personally like to watch stocks as they are going down and wait for a bottom pattern to form and break out rather than trade a stock that has moved up 400%
Trading patterns requires waiting for the pattern to develop and then break and confirm. Right now I really don't have a good read on XXII seems to need more time to develop/consolidate.
My goal on stocks like these are to try to buy in at a bottom and sell 80% when it hits a major resistance area and gets overextended and just let the rest ride with a break even stop loss in hopes that some day/year they get a buy out or major news event.
I do post some of my back testing and trade ideas on the TTP ihub board if you like chart stuff.
Trading patterns requires waiting for the pattern to develop and then break and confirm. Right now I really don't have a good read on XXII seems to need more time to develop/consolidate.
My goal on stocks like these are to try to buy in at a bottom and sell 80% when it hits a major resistance area and gets overextended and just let the rest ride with a break even stop loss in hopes that some day/year they get a buy out or major news event.
I do post some of my back testing and trade ideas on the TTP ihub board if you like chart stuff.
