That's A Very Good Point On Not Trying To Sell At
or near the high of the day. Even if your ask is above the inside ask price you may not get back in. I know you know this BT. It's strickly for the newcomers on board.
This morn., before opening, the RSI was at 90. An over bought condition (current overvalued). At opening it gapped and took off to $.0121. I let it go. It then backed up to $.011 or so, fast. I questioned, should I sell at this price since a back up was occurring. It went too fast anyway, down to $.009 where there was support for a couple of hours. The bids and asks started to rebound. I for sure would have panicked bought. I would have made $.002/share or $2000.00 per million shares (I have more). I would have risked not getting back in for $2000.00+ maybe. If I missed that would have been disasterous.
You had a post saying how those who sold in the .002's and then .004's were frozen out. That was very disasterous. They were missing the big picture. Most pinkies are a pump and dump. Traders expect that. That's why the panic selling today.
The new traders/investors coming on board have got to learn this is a long term deal. Nothing short. The pps will rise and rise LONG term.
The teaching, training and emphasis is LONG TERM. There is alot of near expert opinions on this board to that affect.
Long term. Get it.
