RE:RE:BTE up 6% on the NYSENessrookie, you seem to be a competent trader.
When I look at the day charts on BTE.TO on a daily period, I get the 200 DMA as $5.41 and the 50 DMA as $5.97. I see you use the 100 DMA, why when 50/200 seem to be the most popular?
For all the traders here that use DMAs, which ones do you use 50, 100 and 200 and how?
One of my buddies is a daytrader and isn't took keen on using DMAs. He says the MAs are different between time periods and the "daily" period might not be the most accurate for a highly volative stock like BTE?
So I'd like to get feedback from other traders?
I'm more of an investor/position trader. I buy here below $6 (averaging up actually) and hold for the double digits for example.
Nessrookie wrote: 50 day moving average $5.97. 100 day $6.50. If it can't firmly break $6. Think I will sell it. You can see it ran into it on US side $4.56 and bounced right back Managed to grab some $5.60 on Friday that's decent profit
In the words of troffer sell the run and buy the dip at 11 30. Hopefully these gain holds into tomorrow