PLTG...don't know where the reversal of trend will actually be. Don't really care. I'll just load up at that time while averaging down. This is one of 8 I'm just sitting in.
We all have our different trading styles and mine is to only buy half of what I want in case it doesn't go the way I like. If it tanks I simply buy more at reversal time. Averaging down once stock turns up seems to work well and it doesn't bother me watching it go down knowing my plan. I prefer to see it go up, but, I don't worry about it when it doesn't. I'm in this one long. Some others are short term flips...not this one.
On my short term flips I get out as soon as it goes the wrong way. Don't ride those down. Just depends on plan when entering.
I don't think it will test .03 Lowest would be .05 But, I don't think it will go that low. Time will tell. glta
My opinions are worthless to most since I don't know anything about your bank account or trading style. Your own entry and exit points will determine whether or not you made a good trade.
I'm in many I never mention, & discuss some I'm not in.
