Im only into 2 months of studying trading, i havent even started paper trading yet but i did make a small watchlist over the weekend and here is one of my potential plays, tell me what you think. I did my due diligence on the company, i dont want to be just a trader getting info from other people, not saying its not ok to go into chat rooms and etc.. to to other watchlist.
LQMT is the ticker
Here are some of their numbers, yes i did my research, im still trying to understand reading sec filings, from looking at this they and a small revenue, i could be wrong but this is whay i post this sobi can get they help. As you can see im not lazy and that iam really trying to learn this. I do this with any ticker i look up, any advice and help is well appreciated
Here a little about the company, if you go on the website it looks like they have something to do with making tools not that i care as long as it makes money
Volume went up on this news is what im guessing, i will be watching this all month.
Here is a picture of the daily amd weekly charts which looks good to me recently







OK, so in terms of Break out technique I strongly suggest you read the grand father of the technique , Sam Weinstein, book called Stan Weinstein's Secrets For Profiting in Bull and Bear Markets 1988 . Still as relevant today as is Tim Sykes. May new gurus rise. Amen .
In terms of getting a video style education on market behaviour You could hardly do less wrong than watching Rainer Teo. Try You Tube. and maybe subscribe to his weekly videos. All Free. Excellent information. Very passionate about his trading.
Eat, Sleep. Trade.
Try switching from Candles (I know they are popular and I've read Steve Nison) to Bar chart. YOu will better be able to see how this chart is so illiqquid. Try comparing this chart's bar behaviour to a heavily traded stock like FB.. Only to highlight the behavioural difference. Clues to untrade-ability is gappiness in bar to bar movement and very low money flow (average close times Volume)
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