SGH 0.00% 54.5¢ slater & gordon limited

Big Fake Sell :), page-65

  1. 66 Posts.
    I am very new and learning everything from more experienced people like  mightyatom, thunderhead ,cato, kevking and yourself. Someone did give tips on Gaps and I was just confirming if that knowledge can be applied in real time.


    SGH is a big part of my learner portfolio ($30k already invested) and at one point I was over 65% in loss but then someone on HC gave tips to average down and I did... Still I have 43% loss but I am happy to learn and average it lower.  

    Coming to your point , I used http://www.investopedia.com/university/charts/charts8.asp to learn about it as it was suggested by a senior trader on this portal. He also mentioned that ALL GAPS GET CLOSED ON THE WAY UP AND ON THE WAY DOWN.

    I have noticed that there was a GAP that we missed to fill from Monday close 0.920 and Tuesday open 0.990, So I just wanted the opinion of someone more experienced to confirm if its true and should I wait to average it further down.  I can be miserably wrong but as I said I am learning this profession.

    IF PEOPLE REALLY WANT TO LEARN THEN THIS PLACE IS AWESOME.... YES LOT OF BS AROUND BUT WHO CARES... Thanks to all professional guys here  for valuable information

    I AM NOT A PROFESSIONAL TRADER .... just a learner

    DYOR
 
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