What are your thoughts here? I have been patiently waiting to enter and watching todays trading tells me .002 level or there about should become solid support for an upcomming bounce.
Whatever works for YOU. You have to answer to yourself, not me. You know what works best for you, so if that is how you trade and make a profit, then thats fine. However, just because it works for you does not mean it will work for everyone. And you mentioned you look at charts to guide your trading, well that is actually doing DD since you are gathering information about the stock to guide your strategy.....
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