daytrading jan 15 morning, page-191

  1. 32,563 Posts.
    DRK. If it hadn't had that huge run up to 28c that wasn't really justified. Stock has been over-worked. Just too high.

    Shazam. Name of the game is trade. You never know for sure if a stock is going up or down. You buy or sell when the SP is too high or too low according to your criteria. Support and resist levels are pretty good indicators imo.

    You can't make an SP go where you want to but you watch and trade the ones that do. If you miss a trade then you miss it. Right now you are hanging from cliff by your fingernails. You could be sitting at the bottom of the cliff with a net full of cash and catch something if it falls.

    And if you lose on a stock, there is no rule that says you have to recoup that loss on the same stock. Catch a ride on a different one that is going up.
 
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