bta 15jun chart - at long last , page-2

Hi Craig, to help ease your pain one could take advantage of trying to trade their way out of holding a loss.

lets assume that one is holding 1000 BTA @ $2.00

all we have to do is treat that holding of 1000 as your long term hold and trade a smaller SECOND parcel each time a low risk entry comes along.

the big key here is being patient and waiting for this low risk entry to surface and one may be developing with BTA

now for our second parcel we would use an aggressive stop and if it did fail all we would be up for is a few cents and brokerage

lets assume that our low risk entry comes along and we buy 500 BTA @ $1.20 and it is successful and we close that trade after we spot a sign of weakness that we think is too uncomfortable to hold thru, ( there is four examples or tell tale weakness on the previous chart ) we would close that trade at say $1.40

we made a gross $100 thus reducing our long term loss of 1000 BTA down to now $1.90 each

the mechanism for doing this is here all one has to do is be willing to open ones mind on other forms of how to trade even whilst being a mainly FA. cheers