Replies to post #43493 on lowtrade

[lowtrade]

Yea I know. You are having trouble with emotion still. That's why I keep slapping your face to try to get you to stop the emotion chit. Could have just let these little statements go. But I want to help, not criticize. Hope you understand. because you can expect more bitch slaps in the future. Till you settle down some. LOL

[lowtrade]

Ps; MHYS

Expect exit signal at MHYS tomorrow. Watch for red day after todays high candle spike. The rush hour run was not feed! Have no idea why the dark master let it just channel, selling lower. Guess their happy with the 2 day, double/triple, like "Now days @ the OTC" Strange, but at any rate, if tomorrow doesn't continue, I'm taking profits.

[lowtrade]

Just re-read you post and thought I should cover some statements and weak areas in your development.

my question to you is how am i supposed to know if the candle for that day will be a high exhaustion peak and then close red?

I'll repeat this again. In OTC pops, not OTC chart runs. Chart runs you trade with pattern targets and entry/exit plans. Acceptable losses and expected gains. With pops No one knows what will happen next or when....

They should know what to expect and react when they see it happen. You always have to understand runs on the OTC come from large amounts of cheap shares for sale. Keep this in the back of your mind. And watch for and expect to see exhaustion at some point. When they all get sold.

My TIP for exhaustion is the high candle spike. I don't know when it will happen, but I know to watch for it. Since I don't watch trading all day. I have to work with a basic plan. That plan is not get the most I can, but react to what happens. Your wanting to be right there, and know the exact point in time to react. But that's impossible. As you say things change.

So let them change, then react. Sure, many times you miss some. Again an area your having problems with. Missing some. This all boils down to you want instant high gratification. But I say start wanting what ever you can get.

There is no need to know exactly when a candle spike is going to occur. Or if a red day will follow. There is a need to react when it does. Take what you get and be happy.

And kick the habit of feeling you made a mistake. Because something runs after you sold, or you missed something by selling early !

The mind set change you really need to make is there is no mistake, if you bank gains. Because gain is the goal trading. Not the most gain, any gain. Think about that. Have you ever seen me post I made a mistake unless a loss was involved. I just don't think that way.

I probably have sold hundreds of times and the price continued without me. I just don't give a rats ass. I got my piece of the pie. And am happy as hell, no one took any pie from me! This is the mind set change you are stressing with.

Think bit by bit, not gulp by gulp. The only mistake one can make trading, is not selling, not selling to soon. If the smallest a gain is involved.

So to answer your question.

how am i supposed to know if the candle for that day will be a high exhaustion peak and then close red?

The answer is you can't, but you can react after you see it. Basic, simple and clean !