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Monday, December 21, 2020 11:59:38 AM
If you had shares at 1 or 2, would you have sold on this pop?
I can't even count the amount of stocks I bought before big news and dumped into the rip up.
If they are strong stocks I'll buy back in, when they pull back, for the next leg up and dump again.
OPTI is a great example of a stock that has waaaaaaay better news than TGGI. It's been playing with buyers and sellers (consolidating) for several weeks. It's showing signs of buying with consolidation. I decided to hold this because I didn't want to miss the huge rip up.
More news came out in the beginning of Nov 2020 and it jumped. I was in before the jump. I'm still holding. Profit taking has held OPTI down. Lack of supply (Buyers not selling) has held it up. Short sellers keep averaging up and that keeps making this consolidation go on longer. When this rips up, it will be epic. The Aug 2020 run up will look flat on the chart.
Take notes NEWBIES
If you don't fully understand what I am saying then you need to study price action more.
Anything can happen. ALWAYS MANAGE RISK
Managing risk is #1
Do Not Trade Unless you know how to manage risk.
You are not a Trader unless you think of what is the worst that can happen AND have accounted for that in managing risk.
GLTA
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