Rock Ridge Resources, Inc. (RRRI)

[lowtrade]

justfrank

To be honest, I also have been waiting for a small pull back, Channel. IMO there is just to much good news expectation for a real pull back. So I ended up entering the last time higher than I got out, and expect to do the same this time.

As I've stated before I trade numbers, precents, normally in 4 steps for lump buy in. 10% down from high, 1st buy in, then 5% up or down, and 10% down, 5% up or down. 25% each. Sell profit target 25% from 1st buy, sell lose 12.5% down from 1st buy. If targets are not reached within 2 weeks, I jump. If all are closed, the play becomes a 2 month double, 1/2 loss. If all are not closed I swing it when a 25% or 12.5% is reached.

So take 10% from .053 or .048 for my 1st buy. If it goes up from there I'll buy at .05, if it goes down I'll buy at .045, 5% up or down. And so forth.

This style of trading allows me to get out, with a swing if support of an up trending stock falls like a rock 12.5% or runs sooner than expected 25%, but I become fully vested if it holds with a reasonable retrace and continues to climb.

I rarely get a chance of a double, but when I do become fully vested, the stock normally reaches the double within the 2 month limit using this pattern.

It's my plan, and at the end of every day I know what to expect! More or less. LOL NO emotion at all, just place orders each night and wait for the day to play out. The last time I missed 2 buys by .0001, 3 times, never changed an order, but still closed 3/4 ths of my lump target, and a 30% swing at .0455.

A plain and simple plan, which works for me.