Well, let me put it this way.
First of all, if Hans has been trading stocks for 10 years, I'm afraid he just doesn't get it imo.
Look at it this way.
I first entered this stock at .065 and traded my way to a 425% return on all funds invested.
Say for example I started with $10,000 invested, so ended up with say $45,000.00, less initial investment, so net of $35,000.00
I will take half of that, $17,500.00 and re-invest the other half, so no matter how much I screw up, I still netted 17.5
My first back in was .26 on the charts. That failed and with a hedge, I took a small loss...around $1000.00
Charts where showing strong .20 and even .18 support, so the buy at .212 (but only $8000 worth because the last hit) and will either buy more on a run or wait for a confirmed bottom.
Markets go ugly on Friday, so I wait just above .15 when the .18 fails today.
Only hits .16 but I won't chase because of the 7 candle rule.
So now I wait to see what happens with the .15
If that fails, then I just dump my $8000 worth and say f!@#$
Lets say that ends up being $5000 left, so add that to the original $17,500 I took off the table in the beginning, and although the stock collapsed, my $10000 still ended up netting me $22,500, or about 120%
The other scenerio is that .15 holds, the stock moves, I jump back in with the another $8000 say, to hedge the .212 buy and if .20 is too strong resistance, I get all my money out except for the $1000 original screw up.
That a simple way that I can post here how I play it.
MS
