Ok thank you... i know im a newb but jesus christ the replies i get... wtf man ??
I dont get what this pattern is ?
- Thread starter cashclay
- Start date
Ok thank you... i know im a newb but jesus christ the replies i get... wtf man ??
Don't mind easymoon. And don't mind people that are rude etc. I know, it sucks, thus, just put them on ignore. Life is too short to deal with that nonsense.
Check this thread and pay atenttion to Vanzandt's posts, if, you want to learn more :
https://www.elitetrader.com/et/threads/gba-presents-radio-savant.367042/page-1469#post-5772073
Both. But depends on multiple external factors, say, the publicity that the name has.
NKLA, it had no fundamentals, yet the scammer CEO managed to get a lot of attention.
And vice versa. Unknown names being sold for cash.
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https://optimusfutures.com/tradeblog/archives/futures-trading-technical-analysis-diy-audit
Didn't mean to harsh your mello. Just assumed you heard about and saw a big ass move and got FOMO. My bad. How long are you willing to hold that position?
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I think this is the "sell the news" part of the move.
Looks like pop and drop to me.
Hey @Overnight , you miss doing posts like this?...mmmm feels so gooood
Yeah, it's shit.
https://www.elitetrader.com/et/threads/gba-presents-radio-savant.367042/page-1447#post-5769164
Their board is a joke.
I think this is the "sell the news" part of the move.
Looks like pop and drop to me.
Hey @Overnight , you miss doing posts like this?...mmmm feels so gooood
I guess I do, but I would not use a video with so many words to get my point across I reckon'.
FYI: Stocks like this are not as reliable to chart reading for two reasons:
1) It is under 2-6 a share. At that price a lot of Mutual Funds cannot buy them.
2) It is a drug or biotech and is driven based on news.
If I thought the company was a Buy, I would buy on some weakness here, near or below the multi day low, say 1/3 of the allocated shares. Then save the rest for 1/3 down to the pre jump level, and another 1/3 for when the news is bad, e.g. drug fails trails etc.
Then hold until some news driven event.
1) It is under 2-6 a share. At that price a lot of Mutual Funds cannot buy them.
2) It is a drug or biotech and is driven based on news.
If I thought the company was a Buy, I would buy on some weakness here, near or below the multi day low, say 1/3 of the allocated shares. Then save the rest for 1/3 down to the pre jump level, and another 1/3 for when the news is bad, e.g. drug fails trails etc.
Then hold until some news driven event.
Where were you before 23 Feb 2021?
The boat left on 24 Feb 2021.
You can call your strategy the MISSED-THE-BOAT strategy.
The market is merciless to those who failed to be on high alert,
and missed the boat.
Go wait for the next boat which might come a few years (not DAYS!!!!) later.
Will it become penny stock again?
It must be a poorly managed company.
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Smallish biotech stocks tend to spike on news then (sometimes more slowly) fall back. And now there is a generally hostile climate to speculative stocks without cashflow. Not suitable for beginner investors right now, last decade's tech bull markets were better for that.
You can make your life easier and put your money into stocks with positive cashflow with good growth. (Or even short tech right now... although I think it's best to not pick it up as a habit early on.)
You can make your life easier and put your money into stocks with positive cashflow with good growth. (Or even short tech right now... although I think it's best to not pick it up as a habit early on.)