I am trying to figure out how to avoid getting in high fliers that are prone to halts and very fast retracements I guess without completely eliminating decent profits. I am not a fan of index fund trading but it seems like that's only way to avoid this but at that point profits are so limited. I.e. How not to get suckers in DRYS type moves. I mean the chart legit had a gap closing, the price action was fine based on float size.
ok so lets talk real strategies instead of insults - 500K+ vol avg min price of $5 before even looking at it? I know O'Neil was a proponent of 10-20 dollar sweet spot. Also, I am not saying I like DRYS, just said it was a trade that sucked...
I just said DRYS was an example of a bad trade. I don't having feelings for any particular stock, not sure why you are trolling. Literally saying maybe we can come up with rules for avoiding these types of stocks.
Rules are for idiots, same goes for feelings... do you think @Buffet trades by the rules? Rules are meant to be broken, just like gaps need to be filled.
I'm just trolling because I'm bored... the market isn't doing anything at the moment. I might look at DRYS AH a bit more.