InvestorsHub Logo
Replies to #31049 on lowtrade

lowtrade

04/24/12 6:31 PM

#31052 RE: picheljitsu #31049

You just witnessed why the #1 rule for trading is "Never chase a running stock!"

EMOTION overcoming logic. It's why pro's play in the OTC wild west. Sucker emotion driving price surges with zero value behind continued gap up price buying.

You did exactly what the big guys were doing. Selling into the run. Excellent day at work.

Now REMEMBER how this works, when day trading the emotional OTC. Take profits when they present. Get your piece of the pie, Don't hold for the whole thing. Be happy with what you get. And on and on with my sayings. Do what the big guys do!

lowtrade

04/24/12 7:16 PM

#31057 RE: picheljitsu #31049

Just noticed SEFE was a NAZ stock. Goes to show, emotion has no boundaries. LOL

jwez

04/24/12 7:37 PM

#31059 RE: picheljitsu #31049

It's a SMA Promo play. Stock is junk. Its basically a dark side play on steroids.