Drew up the retracement levels on S3R and noted 0.8c as the 61.8% point.
I held the shares until it reached 0.8c, but then got scared as I thought it looked like 0.8c buyers were drying up and jumped out. It then bounced back up and now at 1c.
Question is: Do you usually wait to see the support level break before selling out (i.e. if S3R was to have fallen to 0.7c), or try to watch and pre-empt the break?
This reinforced for me how strong the 61.8% support level is. Went straight into the trading diary.
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Drew up the retracement levels on S3R and noted 0.8c as the...
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