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Re: UP Trend post# 75307

Thursday, 04/23/2020 11:38:42 PM

Thursday, April 23, 2020 11:38:42 PM

Post# of 97078
One thing I have learned is that it is risky to trade DECN. Let me explain.

Lots of people sold on Monday under 20c to buy back in at 15c on Tuesday but this went up the next few days upto to 49c. You will be able to sell at 40,50,60c but with the constant trading and with the stock moving higher you will end up either keeping your money out or hold fewer and fewer shares and wont make nearly as much as longs.Its nice to take profits and ride on so called "free shares" but buying on the way up will give you less shares to bank for the big run up.There will be a time when this will go up higher for days in a row without much dip and you will end missing the train because your target to buy back didn't hit.

The daily volume says a lot about the potential and with great PRs coming out this is geared to go into dollars.
At the end of the day if trading is your style then so be it but if you want to make some big money then hang tight for next 2-3 weeks.

Disclosure: I am sitting on around $31k of profit with DECN at EOD today $18k of which realized early this month but not selling since then.