RE: RE: I've got a feeling
We shot from support at .17 to support at .24 in a single day. Way too fast and thin.
If we look at StockTA we see support at .24 overnight - from .17. But look at the confluence numbers in table on left side - strength in support looks like .20 and .195... that's pretty good. .24 not showing such strong support even though that's where they think support currently is.
https://www.stockta.com/cgi-bin/analysis.pl?symb=ACT.C&num1=19&cobrand=&mode=stock
Nobody likes to give up ground. But you need to think out your plan and stick to it. If you want to make the maximum amount of money in the shortest possible time you should be getting out soon I think. If you want to make the maximum amount of money I think I agree with whoever said July.
If you are nimble enough then day trade all the way through to that date. I don't think I am but...
But most important of all... have a plan... the really smart guys here do and review and re-evaluate it every day / week / month. Plans change but there is always one in place and shouldn't be too much affected by the shifting sands of day trading - unless that's your plan.
If you plan to sell in July then you shouldn't over think red days and green days. One guy traded out this morning at .26 and back in at .24, paid for the trade , got 2500 more shares, and put some more cash on the bottom line. Well done.
But that person knows what they are doing and why and has a plan to have extra shares to do that with. And is boosting the tax-free value of the TFSA. But they aren't touching their core position which they are holding for the short term to see how bright the future is.