recovery and bought in @ 98¢. It struggled at the psycological even $1.00, but broke through. I held while it made higher highs at kept an eye on $1.18, which would be a red to green move for the day. Once it passed $1.18, I just watched the price action. It gave no reason to sell until it lost momentum around $1.33, which is where I exited, profiting around $520 on 1500 shares. Instead of asking "why these rebound" or "why they continue to go up", just play the price action as it happens and wa
watch Level 2. You did the smart thing by exiting the position while maintaining a profit. Never regret a winning trade, and there are always thousands of more opportunities in the days to come. I spent $11,000 in real money in over 470 trades in an accumative 7 months of trading to gain knowledge and experience,
and am just now starting to see my experience pay off, which I will upload at the end of March. I learned the hard way with regard to revival stocks, low RSI, and holding these types of stocks overnight. So on these 'crushed' stocks, safer to play them intra-day. Hope this helps.
recovery and bought in @ 98¢. It struggled at the psycological even $1.00, but broke through. I held while it made higher highs at kept an eye on $1.18, which would be a red to green move for the day. Once it passed $1.18, I just watched the price action. It gave no reason to sell until it lost momentum around $1.33, which is where I exited, profiting around $520 on 1500 shares. Instead of asking "why these rebound" or "why they continue to go up", just play the price action as it happens and wa
watch Level 2. You did the smart thing by exiting the position while maintaining a profit. Never regret a winning trade, and there are always thousands of more opportunities in the days to come. I spent $11,000 in real money in over 470 trades in an accumative 7 months of trading to gain knowledge and experience,
and am just now starting to see my experience pay off, which I will upload at the end of March. I learned the hard way with regard to revival stocks, low RSI, and holding these types of stocks overnight. So on these 'crushed' stocks, safer to play them intra-day. Hope this helps.
VNR is toxic. Be happy you that you exited. Here is a link to the CODI rules http://www.oilandgasinvestor.com/blog/bankruptcy-and-cancellation-debt-840501
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