Trying to understand the after hours charts. I am looking at MSTX right now and it looks like there has been a slight up trend with a good amount of fluctuation (up and down) over the past few days. After the close on Friday the price went from $0.56 to $0.61 and the volume increased from 1.6k to 3.5k. So My question is; how much do the after hours numbers indicate that the price will continue upwards on Monday (the last news release was 14 SEP)?
If someone has some insight on this please let me know! Thanks!!
I am a new trader and still learning terminology.
Posted Sep 17, 16 7:53 PMbyBK_Lounge
Tickers
MSTX
Im gonna give you my insight and my insight only so take it with a grain of salt as im not a great trader either. So after hours charts definatly have an influence on the price action of the next day, but I couldn't tell you much about over the weekend. The most important price action that determines what the morning will look like is pre-market action. Uptrends on news that came out the same morning is the best pattern to trade, and if it doesn't go your way within a few minutes, cut losses bef
cut losses before you lose too much. ALSO if your up for example like 1-2% but it isn't going the way you thought, get out quickly. Cutting losses doesn't always mean getting out when your down, it can also mean getting out when your barely green but its not doing what you thought
I hope I helped out some, this is a combination of about a year of learning. I've been too scared to trader after losing so much money, but I feel that I have three great strategies to get me going so I might get back into it seriously this coming week.
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