It's fun isn't it....until it all goes really, badly, horribly wrong
As Whytegirl so astutely put it, sell your losses early...
That's really all you need to do..learn how to sell for a loss.
Stay in the game long enough for your knowledge to catch up before you run out of money...
RSG
Daily chart,
The 50 sma is rising and price is above the 200sma...another tick.
If you trade regular candlesticks...that was a bearish engulfing candle yesterday...does not bode well.
It is over bought as well.
It is following a flag breakout continuation pattern with a target of 30cents. at the supply zone..(.the green rectangle.)
I wouldn't be surprised to see it pull back to demand at 25 cents. tag the 200 sma and head higher..I am frequently wrong so take all this with a pound of salt..
Quick look at the hourly and your sell signal would have been a) the failure to push through 30cents. b) the indecision dojis and 3) price opened below the doji..
The trade for me would have been to buy that first green candle on the 19th of January and I would have sold on the first red candle on the 25th..
The black lines are support...
This is all from a TA perspective I have no idea what the fundamentals are..
Of course tomorrow it will have an absolutely stunning announcement of results of some sort.
Remember just because you think or hope something is going to happen doesn't mean it will... wait until confirmation before jumping in.
