GREY:CNTTQ - Post by User
Comment by
QcTraderon Aug 02, 2019 8:13am
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Post# 29987653
RE:The day traders dream....
RE:The day traders dream.... lol 2000 shares...... until u bag hold for life.
this is not a daytraders stock...... this is a shorters paradise.
Ghostonscreen wrote: Trst drops to $2.82 in the past hour, then rises to $2.92...
Suppose you bought, 2000 shares at $2.82, ($5,640) and then just sold, you'd make .12 cents a share in about 1 hour....
Total profit: .12 x 2000 = $240
This stock is being bought and sold by shorts and day traders all day long.
To do this, you MUST have a good idea about technical analysis, especially support and resistance. And you must be able to look at the Candlestick charts.
So, what you are seeing now buying and selling within a range. Nothing else.