One very important thing I left out, Stick this one on your wall so that you see it before making a trade.
Never ever go where the crowd has been, no matter how good it looks for another go it will be full of traders that have been caught at higher prices, These stocks tend to drift back down on no news over a lengthy time period.
If one is to trade these things it could be a wise investment to study Fibbonachi retracements, 61.8%
