re: chart for nrt..
An easy one. You can analyse small caps all you like, but there is no substitute for trading on the day.
1. It was in the fifth wave and the top was near. It had been moving up nice and steady but started to accelerate too fast on 18/6. Next day is usually the time to get out - but I was trying to do a position trade and decided to hold the close on 19/6. After a long run like that there was very likely to be another pass at the top.
2. The night before the second run was due I announced on HC it was coming and if it failed it was all over for NRT. I was in Sweden at the time and very hard to daytrade (middle of the night trade)
3. on 26/6. I missed the sell and was left sitting on 5.68. Unfortunately .I went in to work at 3am on your 26/6. I got there a bit late, it had been to 5.74 and was pulling back hard. The sellers were coming in. I missed the sell at 5.68, just under them but it fell under 5.60. I got out at 5.62 on a 4c rise, in several bites. In the meantime some bastard pinched my loaned bike whcih I had parked outside and not locked because I had come running in to the office.
4. You could get 5.68 the next day too. But so what, I had entered at 3.08.
Most lucrative trade I have ever done. Daytrading technique is worth more than TA for picking tops.
NRT Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
