lowtrade

[lowtrade]

LVGI chart up date - Game-Over-Loser

Just figured out what stock you were posting about. By checking your post history. While your play is fresh in your mind, I had no recall where your 5 mil comment came from.

I know you didn't ask for my 2 cents with your up date post. Like the original post response you didn't like. (link back) But I'll stand with my original caution on LVGI. I don't recommend buying before, but after.

We're discussing a possible manipulated darkside play which had it's attention pop and run start, now retrace. Yes you caught the knife at first bounce. But due to the weak volume, I don't see the darkside involved with that bounce YET.

So for now IMO your still early before continuation breakout. Darkside continuation is still very possible, if the dark master does have more shares for sale and buys a second flag continuation break.

But as of todays bounce, the stock chart looks free trading. With only retail involved. The lower volume says that. And if one was trading the chart, not expectation. Most all my TIPs are leaning toward a gap fill sell, and re-entry on expected continuation, when that happens, by breaking the flag top resistance on increasing volume.

What I'm posting about is capital preservation. Plan the trade and trade the plan. IMO the trade was a FIBs first bounce play, which has reached 38% FIBs target from 61% first bounce. With the added probability of gap fill to .0017 profit taking point.

Seems my trading style doesn't match your higher risk style. As I teach trading in & out on pattern plans and protecting gains along the way. While you buy low before reversal and hold for as much as you can get.

Here's a chart showing my style and reasoning. May be food for thought. I'm not saying my way is better then your way. If you have a consistent successful record trading your style. Keep doing it. Just offering a lower risk strategy to look at.

This chart eval is telling me sell .0017, re-enter expected dark play once it happens and buy back in at .0023 top resistance break. The concept, protect those gains, if dark continuation happens there will be plenty gains to come. If not, you have 1 winning trade in the bank.