Did anyone bank on RAS long today?
I noticed on the chart Friday was the first Green Day in 3 weeks and the stock was pretty beaten down by about 60%. Since Friday finished a bit weak, today it could've gone either morning spike or panic. Definitely was a morning spike, up 10% in less than 10 minutes. Due to the huge drop lately, I was expecting to see at least 30% gain but was hoping for more. I didn't catch the bottom as it was a fast ramp up but was within the first 10 minutes of market open. I figured why not as these morning spikes tend to run until 9:45 - 10:00. Unfortunately for me, that didn't happen today. As soon as I bought in, the stock dropped 5% and consolidated for a bit. I then watched it try and run again but failed to make a new high. Now watching Tim's videos, I know that's not usually a good sign when it fails to break out, so I bailed and cut losses. Damn was I wrong. Now as I'm typing this the stock is up 25% from what I bought in at and 43% on the day. I can't complain though, I followed my plan perfectly. I just wish I could get more comfortable with choppy stocks. I can't seem to get used to this new market. 3 months ago, the market when up, up and up and now (for longs at least) it seems like it takes 3 steps up and 2 down.
agree about the market, just when we adapt it will change again!!
Join now or log in to leave a comment