eq Frank gave you the best he had. The trend line is broken. It may turn into a new lower trend line or not. Let's see the second point. What Frank told you about trading the stock was dead on. You buy when people are selling and sell when people are buying. Your explaination you just gave had you were buing when people were buying and selling went people were selling. Staying away from the momo players is the best advice anyone can give you. If people are jumping in because of an event or news release, it's time to think about selling some/all. The question is when. I sell at the first down turn of hourly RSI after crossing over 70. Sometimes I leave a little on the table but I pocket a nice profit. Sometimes, especially with GlobeTel the downturn happens sooner than one expects. That's just because the investor has been burn so many times in this stock that any profit looks good.
You can buy and hold or trade. That isn't the point, the use of TA give you a small advantage, like counting cards in blackjack. It aint perfect but it beats runes.
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