Ok so as soon as I see the post about the new breakthrough discovery and the post on the chat I start following crazy GLYC...Now when it broke the resistance it was during PRE-market...my question is: would you buy and sell during the pre-market? or you would wait for the bell, which I see risky. Keep in mind that this play was one hell of an on-going spike. Or you would wait for it to calm down and then try to go long again...? No wanna be professors please.
is very tricky to trade. But again, if you want to get in pre-market on these plays...go in with a lower share size and see how things play out. GLYC will certainly not be the last runner like this, there is always another one. Don't let other posters get you down either by posting how much they banked while you were being patient. How many times have you heard Tim buy pre-market? Check his account balance. $SORL much more of a controlled price move..earnings winner testing a breakout with cons
consolidation and volume leading the way...much more control there. Let price action come to you and don't chase. Use the pre-market high as a possible entry point, on a break to get in or during a dip at the open, price holds then swings back up to the pre-market high for a break...get in on the swing up and go from there.
Thanks @Palmer. I had the same questions!!!
@Palmer thanks a lot. Yes the volume on this one was going up in an exponential way and it broke the resistance HOWEVER it is best to wait as you said. Appreciate the explanation.
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