advice for a newbie, page-16

Nice post Ngoledge

I think I remember posting something along the lines of.... "what goes up......" today at around the 65c mark.

Its was as clear as a blue sky that the Sp would get pushed back by close.

Not as clear for others I guess.

Dont buy at the top of a rise......saounds silly but when a stock is up 80/90/100% in an hour odds are much greater of a pullback and traders sell to collect or lock in profits.

hence why newbies buy in the hype and usually towards the top of the climb and get stung on the way down.

Personally for the fella who bought at 65c........cut your losses and sell would be my take on it.

tomorrow being a friday is the worst day to sell stock....especially one that has run hard.

Traders like to cover positions before the weekend which inevitably brings the Sp down further......not to say it will happen here.......but I would bet it will.


If you have the balls to hold tiomorrow u may sell at a better price Monday as thats when the traders come back to play.


Put it down to your first lesson ........

buy before the anns and sell into it.

Not buy after it and try sell it as it drops back down.


Doesnt work.

believe me.


I wish u well.