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Re: carla818 post# 5602

Tuesday, 05/22/2012 1:26:10 AM

Tuesday, May 22, 2012 1:26:10 AM

Post# of 21289
carla818 This play smelled like shzz from day one. Day one of APS promo, that was actually day 10 for the stock. Everyone here seems to ignore or not realize that fact. At $1.58 GWBU is up 400% from day one. Don't ever forget that. Just because Garyst bought at $1.48 that doesn't mean he picked a good entry point. I said this over and over and got my posts deleted because of it. I told guys to sell when it was up in the $1.60's and buy it back lower.

The gap play was a given, a no brainer. the stock had Three white soldiers right before the gap up. The stock had topped and would have pulled back if not for the APS promo that gapped it up a week ago.

I posted about another stock CHK that was also deleted. I bought it at $17 sold it shy of $18 then bought it at $15 and got stopped out at $14.90 but I bought it again at $13.35 and 3 days later its over $15 again. If I had not had sold at $14.9 I'd be flat tonight or slightly red on it.

I play bounces and sometimes buying the bottom takes more than one try. If the stock isn't doing what I planned I get rid of it. A small loss is easy to make up for but big losses will and do kill most Newbies. Most newbies can't read a chart and end up relying on other posters. I don't read any of the prs on this crap because they are meaningless I read the chart. For me to buy this at $1.48 ride it to $1.73 and not sell just to ride it back down to $1.11 is not sensible. It all goes back to forgetting, not knowing or ignoring where you are in the trade.

THE TRADE STARTED AT .40 not $1.20-30. APS just gave that a bit of a push to run that trading top a wee bit higher. Last week you were riding the crest of a wave AT OR NEAR A TRADING TOP and you didn't get off. You could have taken a small gain. It all goes back to THE TRADE STARTED AT .40 not $1.20-30. Always know where your entry pt is in relation to where the trade started.



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