SmurfVA's Random Picks

[Ned Serious]

Yes, thanks. I'm still struggling trusting the buying on breakouts. I normally wait until after the breakout, and then when it falls back to the new support levels (old resistance) and go from there.

Am also in ACHN (3.31 at moment) at 3.36. Thoughts are its forming the cup and handle pattern on Daily and is working its way to the resistance in lower to mid 3.5's again (been there a few times) and hopefully makes its way up to the large gap above.

Short term gaps are also something to still learn more. The small gaps that appear after a mid-volume movement. As to whether enough volume was made so that it doesn't need to be filled, that's my dilemma.

I try for trades of 3 days to a few weeks or a month or two at the moment and lock in the profits of 10% or above. Has caused me to miss some other continuations where I could have doubled my % if held, (I got MSTX (15%), STEM (9%), AEZS (16%), etc., however they all went on further at the moment). But am trying hard to stick to my chart philosophy and follow Sheff's idealogy (and others) of LOCK IN PROFITS, LOCK IN PROFITS, LOCK IN PROFITS, and move along to the next one. As I get more confident, then maybe I'll leave a portion in the account for further gains. Thanks again.