ENV 0.00% 1.1¢ enova mining limited

Enova Mining - Charting/TA Thead - 3c target then 6.3c, page-1337

  1. 968 Posts.
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    W3's comment
    ''you`ll see on many many price charts that 3-4 bags happen right after a 45 -70 % retrace, ''

    LOL, W3 makes no sense

    So lets say you invest in a certain stock at 5c right........

    It loses 70%........... so now it's 1.5c

    Now W3 advises to hold tight and lose that 70% to make 3-4 bags after the 70% loss.
    Okay...

    3 bags (3 X 100%) X 1.5c = 4.5c ) Still at a 10% loss from initial 5c entry

    4 bags X 1.5c =6c

    So what W3 is essentially saying is; Forget placing a stop-loss and risk a 70% loss for a hopeful 10% loss to a best outcome of a 20% gain.

    LOL, He really has lost the plot.
    Go back to basics is my call.


    Last edited by watchthisrise: 03/04/24
 
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