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Entry: Thought the SMA would prove true and push past the resistance. Exit: After almost two weeks of holding with possibility of momentum coming back, it did not. Will not be using only the SMA as a buy indicator in the future. It must be coupled with legitimate resistance breaks.
Two reasons why this was a win for me: Cut my commissions in half by not trading penny stocks (Sharebuilder is not ideal for penny's) and picked a good stock. My problem entry timing. Had this trad been two weeks ago I would have profited. Next time find the right stock at the right time.
First trade I've ever made. Long on MYEC didn't jump up like I was hoping. Extremely limited capital demands large percentages to turn a profit around. I'm swimming against the commission current right now.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
