Today, I decided to follow the Oracle signal for $AULT. I did not see any new news or PR releases, but the signal was for $5.90 and target of > $10. I followed the Oracle signals and got in at $6.20 as the price was volatile at the $5.80 price point. Unfortunately, the spike was temporary and the price subsequently fell. There were several halts, and the final halt for me resulted in a substantial drop in price below my stop loss and I had to adjust my exit trade price to 5.20 (my stop loss was $5.40).
I exported the chart and reviewed it after-the-fact. What I noticed is that the price was below VWAP and the MACD indicator was red, the latter indicating a negative direction for the price action. Lately, I've been using the Fibonacci Retracement indicator. I am also using the EMA 5 and 20. What I think happened is that I got lost in the different indicators, not paying attention the basics of VWAP. Yes, I've heard this from Bohen and Sykes before, that you can get indicator fatigue and get lost in the different indicators. I would like to think that, had I just looked at VWAP and paid attention to the MACD, I would like to think I would have stayed out of the trade.
Interestingly, as this posting, the stock is back on the uptrend, back up to 5.50 to 5.75. It's a low float stock, so I'm not sure it'll spike again.
It's frustrating, but the messages from the mentors are consistent and true. It's just taking time to sink in, and to practice according to those messages.
"Good judgment comes from experience. Experience comes from bad judgment."
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