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Replies to #22626 on lowtrade
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Cee-It

06/25/11 1:04 AM

#22627 RE: sdh #22626

Not a lot to see except very tight BB and improving lows...
http://stockcharts.com/h-sc/ui?s=ACTC&p=D&yr=0&mn=7&dy=0&id=p80353841366&a=232433891

I tend to BUY much earlier than lowtrade (more in anticipation of the movement rather than after the movement is well established).

He calls it more risk. Perhaps in some ways it is. I don't hang with it long if it shows much failure. I will be patient if it shows I'm a little early or the increase is not as significant as I expected. I also watch the "significant number resistance" in addition to the chart resistance. For example, a stock bought at $8 would hit a natural barrier at breaking $10 and a stock at 0.06 would hit a significant natural barrier at 10 cents. $1 is always a difficult barrier to break... so I'd sell at 97 to 99 cents rather than wait for it to eventually break through.

Those are psychological barriers and when they are broken they tend to become good psychological support (not as good as barriers though).

I will sell to recover my entry costs during the rise and often then sit on the free shares to see if the second rise might be even bigger. If it heads back towards retrace instead, then I'll sell the free shares... unless it is on my swing trade list and I see a support level coming quickly.

Fundamentals play a part in my decisions for almost all of my trades. I'll tend to swing trade stock that I feel has greater long range potential. I'll do once and out on stock if it looks more like a pretty certain short-term change that is without huge upside potential.

You could sum this up, as lowtrade did, as trading with a knack from experience rather than a firmer system. I'm not sensitive to calling it anything, you can even call it dumb luck and it won't bother me.

GLTY