MATRIX Penny Stocks

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nice post:

protect yourself from chasing stocks by using technical entries and exits. resist the emotional impulse. what is your reason for entering a trade? if you answer, because i want to scalp a quick buck, rethink your strategy. if you answer, because the stock has moved through resistance (which is now support), and there is frenetic buying in time and sales, and the stochs are at 66, and OBC is trending up, and, etc. etc. then buy the stock.

when buying at technical levels, you provide yourself with a technical failsafe, an exit strategy, namely a stop loss at a price that shows you were wrong about the stock, for example if the stock loses a new support level.