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12/16/17 12:39 AM

#39337 RE: fitter #39332

I personally like to watch stocks as they are going down and wait for a bottom pattern to form and break out rather than trade a stock that has moved up 400%

Trading patterns requires waiting for the pattern to develop and then break and confirm. Right now I really don't have a good read on XXII seems to need more time to develop/consolidate.

My goal on stocks like these are to try to buy in at a bottom and sell 80% when it hits a major resistance area and gets overextended and just let the rest ride with a break even stop loss in hopes that some day/year they get a buy out or major news event.

I do post some of my back testing and trade ideas on the TTP ihub board if you like chart stuff.