kenjiii16
1
kenjiii16 Mar 21, 17 10:24 AM

could you explain the reason why you bought at 3.11? I usually hesitate buying into solid green candles into the open bc i feel like im chasing and its gonna pullback right as i enter. PULM looked like a chase at 3.11. your insight is much appreciated

ahaltam
ahaltam Mar 21, 17 11:31 AM

Market opened at 2.80 and within a few minutes 4-5 minutes it reached over 3.20ish. I wouldn't say it was a chase since I was in on the early spike. When I first started trading, I was always chasing and as soon as I jumped in there was always a huge pullback and I would be down as soon as my order was executed. Day by day i have adjusted my entry/exit and following TIM on his strategy of locking in small profits and getting out quick. Now ofcourse there are days where I feel better and hold on

kgarcia
kgarcia Mar 21, 17 8:27 PM

@kenjiii16 3.11 was previous resistance so if it breaks through then its considered a "breakout" and has a high probability of spiking more

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