Hello everyone:
First and foremost Nullroute and Bowbender you have my sincerest condolences on the loss you both have had. You are in my prayers the both of you.
I would like to start and say that ETLS has a way to go. If everyone remembers I said a medium play takes weeks. It has been one whole trading week after the P/D. The volume needed to slow. Friday the PPS spiked to .003 to get shares, you are shorting them badly. That should of been a signal for you to raise your sells and smash the ask. This would of shot you through the resisitance and the MM's would of had to meet your price.
Monday watch the signal. When it hits push the ask. Remember to take initial investment plus profit on the ask. Greed is an emotion, strategy is a discipline.
I came to ETLS not to trade but for a different reason. That reason will not be told here so please do not ask.
ETLS is a prime candidate for another run. It will run, but getting restless will not make it happen that much faster. As I said in my posts, This is a teaching lesson for me. Please read them and understand that trading takes discipline to not press the buy button or the sell button based on emotion.
If it looks like a rat, acts like a rat, then ten times out of ten you have a rat. This is where playing the pump and believing the hype has to be identified, and a exit point planned. Even if you get 45%, that is better than losing 45% is it not? Greed will seperate you and your money everytime. This is where DD. T/A and good ole fashioned bulls**t Antennae should be in play.
P.T Barnum said it well when he said "A sucker is born every minute", But I believe Solomon said it best when he said "A fool and his money shall soon part".
Some of you are new to trading. Take some time before investing. Pinkieland is Vegas on steroids. Pinkies will take your money just as fast and leave you wondering if it was all a dream.
Do some research on a stock, learn charts especially pivot points, Fibonacci retracement, Candlesticks. and Bollinger bands.
News will push a stock this is why scammers use it. Believe it or not they are getting so good that they even build fake web sites for some of the stocks they pump.
This will get your heart racing. Some of these scammers are behind bars running the scams.
Emotion, emotion, emotion will cause you to lose everytime.
Story Time. yes story time. Stop I need to tell you this.
There was once a stock in pinkieland that had very tight BB's. The scammers new this and started accumulating. After three days of slow accumulation they laid their plan. They sent out alerts, Spams, and posted on boards that this stock is primed for a 10 bagger. People bought into the hype because they only saw the 10 bagger being said. Everything else was Blah, Blah, Ten bagger, Blah. That next day the scammers had there sell points in and waited for the buyers.
As people wanted in, it made the stock gap early so people readjusted their bids thinking I can get in. They did not, and started chasing. As they chased and hit the ask, The scammers were selling. At the end of day those who were greedy was left with the dump while the scammers and the wise got out. Does this story sound familiar. If some of the bagholders would of just looked at the chart they would of saw what was coming next.
That evening after the first dump, everyone was talking about the next day we will get it. The scammers who were now riding free shares (or were out all together)were still saying, "it will rise" "it will rise". Those who were greedy and desperate wanted to believe what they were being told. They were in for a suprise.
The chart showed a shooting star at the top on that day of trading. This means a reversal is imminent. The next day instead of selling when the market opened the greedy and the desperate held and bought more trying to hold up a sinking ship. It did not help so they averaged down at the wrong point. It still did not help so they were losing more money trying to start a rally. The sells were winning. Flippers saw an opportunity and took it. This caused it to go down more. At the end people who were desperate sold out at a loss.
If this sounds familiar go look at the stocks you were left holding. Do you see that shooting star at the top. This will indicate that the stock has reached a peak and will start a decline. Nine times out of ten the next trading session will be a hangman, a doji, or a dark shadow. Other indicators would of proven the candlestick formation was telling you to sell and wait for a reversal bullish to start.
Please learn to trade before entering this arena. I do not believe you would get into the ring with Mike Tyson (in His Prime) when you do not even know how to box.
