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.
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Price($) | Vol. | No. |
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