Replies to post #11590 on Zevotek, Inc. (ZVTK)

[EDWARD STEVENSON]

Often, with these types of market(s) I tend to follow two main principles: (1) support & resistance, & (2) volume or liquidity. With that being said, regardless of how the price moves I have a game plan ready.

For instance based on support & resistance I determine entries & exits, level(s) to add to an existing position & levels to take some off the table. Volume is typically the lifeline of these types of market(s) - when and if the volume begins to decline substantially, I ask myself whether or not the risk of not being able to liquidate is worth the potential reward.

Hope this answers you question to a degree.