I had a rough go last month making some really bad plays trading unproven strategies. I dug back in the books with How to Make Millions, Spikability, Pennystocking Framework...and I get it. Yep, I still have a lot to learn and need to move back in the black but the proverbial veil has been lifted.
Stephen
Posted Jul 08, 17 1:01 AMbyStephenR
Categories
Smallcap
Tickers
AVGR
Related Trades
@Torkers Trading this setup is still a little new to me but if a stock is trading above the sma(200) on a 5-minute chart, breaks an RSI of 60, and crosses above all three SuperTrend resistance levels I'm going to take the trade because the stock is clearly in a strong uptrend. When the MFI hits/nears 90 or the price touches/crosses the Upper Bollinger Band (20,3) I exit the trade. As for this trade, the stock was still below an RSI of 80 so it had a little more room to run. I generally try no
@Torkers I generally try not to take a trade unless I believe I can make about $1000 on it but sometimes that doesn't always pan out. I actually should have been in this trade at .60 but I was having platform issues. If you look at $THLD on a 5-minute chart it is pretty much the same setup.
Okey - im far from an expert so I was just curious to see your response! But this totally make sense - GL on your journey!! Study hard! =)
Great trade!
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