RE:RE:TA Insights...Agreed whiskey on stop loss. I also believe that big institutions use it to shake out weak hands, or to take out the shares of the naive at a cheaper price...
whisky11 wrote: steveM45]Well well, will you look at this...a short term bullish setup has emerged since yesterday....interesting.
Not that I think this company will do well next financially, but I do see good probabilities of the stock making a move up, barring any news (good or bad).
It broke above the .345 resistance yesterday and remained above .32 support.
If the next few days can keep above .325 and mark a new high above .35, we may have a push to .45 coming soon.
If .45 clears, targets would be .53, then .71
A stop loss at .31 would be ideal, since violating that would most likely mean a trip down to .27, and if breached, .23
Trade well folks. Make your money when you can.
whisky11: well ,unfortunately I have to say that I disagree with you. Sh"t happens.
The danger with the stop loss is that with 100,000 shares volume for one second, you can get there, your shares will be sold at the market price. It could be half of what you wish for, and if you're not at home, you may miss the boat if the stock price bounce back
It's safer to sit by the computer and monitor the stock price. If the stock price goes down volume goes down too, so you will have time to react. Never use stop loss. With the stock price $0.335 telling that stop loss at $0.31 is ideal ,should be classified as a criminal offence. Last year somebody on the US side used stop loss, another traders put buy order at market, and another one sell order at market. After some interruption in trading when they restart again...
Couldn't believe seeing couple million of Namaste shares sold for 2cents 5,6,7,8 and $0.16
One guy claimed on this board that he bought for $0.10