Replies to post #51885 on Profitable Developments, Inc. (PRDL)

[tungtung]

SHO email - just got on their pump today


STHG climbs over 10 percent before the bears take over


Shares dip and traders move on
Good Morning Hideout Trader!

Days like today make us hate the stock market. We had hoped for a big mover in STHG, and instead we were handed a lemon.

After a decent start in which it looked like STHG might break $.0069 resistance, shares pulled back aggressively.

A bottom of $.0042 established itself and now shares are trading just above support at the 50 Moving Average of $.0047.

At this point it's safe to say STHG didn't play out as we had hoped, which is why we typically recommend letting the winners ride but cutting loses at 10% on trades.

Setting a mental stop loss allows you to take control of the trade versus the trade taking control of you.

There are plenty of other profitable trades out there so lets go find some winners and move on from this wanna-be.

Until next time, good luck on all your trades.

~StockHideout and staff




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