The most important thing is a STOP LOSS and always stick to it. I have learnt this the hard way as i am sure almost everyone has!
there are many ways to set a stop loss so just google it.
i would much rather be sitting on a real loss of 5% than a paper loss of 80%. As you have expirenced it happens all the time especially when dealing with these smaller cap higher risk companies.
If you are trying to get into short term swing/day trading i would should looking no youtube or buying a technical analysis book and then getting a practic account at an online broker and actually trade.
if you want to be a longer term trading i would suggest Stan Weinstein's Secrets For Profiting in Bull and Bear Markets it is great so easy to understand. Even though it is writen in the 80's it all still makes sense today.
anyway back on track i would say you are ok with CXY for either the swing trade or the longer term. i just poped above its 200ma on volumn and broke the downward trendline.
CXY Price at posting:
7.8¢ Sentiment: LT Buy Disclosure: Held
