bought 10k additional shares of ACTC at .1025 (literally at the close) to bring my average of 70k shares @ .1128.
i didnt do it to average down, im playing that gap down doji bounce off .10 support. lets see if it picks up tomorrow or friday.
Last edited by bassmaster; 01-13-2010 at 06:12 PM.
Nothing wrong with getting out when the mood isn't right, especially flat even or with a little profit!Originally Posted by bassmaster
I actually tried to get out of OCNF EOD, but was a minute late, was looking to see if it closed at 0.98. I'm weary of it under a buck, plus I have DSX, so already have one ship. Hopefully, we'll get a little rebound. I see ships as a mixed bag. Leader ISM down, NMM breaking to new highs if I recall.
watch it gap up to .90 tomorrow like it did before. LMAO
Looks like it blasted out of the gate, but broke down out of the pennant. These days, I think a lot of day traders use classic patterns on small time frame charts.
actually....
I saw where one trader uses biggest volume (usually outside of the first 30 mins of the day, to account for preset trades and opening volume)... to guage whether a stock will go higher, lower, or if to hold...
Let's see what happens tomorrrow, I have it marked here...
or the better thing, move on and don't look back, find another stock, lol.
hmm , i wonder what his ROI is using that strategy. i'd definitely like to see how this plays out, even tho i have no intention of opening another position.
do you know the technicals of that strategy dave? do you buy when it breaks above immediately, sell immediatley on a break below? how long is that channel valid?
sorry for the 20 questions, but that sounds like another tool id like to learn to use.
Chuck--
I'm just realizing that trading more frequently (say, once or twice a month) is probably more profitable than staying in long-term for "the big return".
Also, it's kinda' boring buying stuff and just sitting, waiting.
dave, i picked up 10 INTEL FEB $21 call options at the close today for $1.04... equity closed at 21.48 now over $22 now in A/H
btw, i liked the candle today and just felt like gambling. no real t/a, more of coinflip and gut feeling i guess.
i guess this a/h run doesnt mean anything to me unless it gaps up tomorrow. we'll see.
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