RE:RE:RE:new 52 low comingYou can start your position at any price you want and load additional buys as low as you like. If you do a market value buy or a limit buy to a price you are confident will fill you then have a place to work from and can use additional cash to average down if the shareprice falls. If you load a buy for the purpose of averaging down the SP may very well drop a bit but never fill the second buy order before heading back up. When that happens you may be just sitting on whatever shares you have or will be faced with adding more shares at a higher price and averaging up.
Buying and selling shares is more or less like an auction and there a many traders out there also trying to buy shares as cheap as possible so someone could bid higher than you on any give hour / day / etc. Just like an auction too... some folks who want to buy will be whispering in your ear that what you are trying to buy is not worth what you are bidding so that they can scoop the shares for themselves.. No friends at an Auction
pleazu69 wrote: Good points I like it. I should of kept 33% at .10 bought 33% at .08 and 33% at .05 if it hits
I find you can get real close to predicting with charts (80% correct) , but nothings perfect.
quinlash wrote: If you think you will be successful in buying at the absolute low, you're kiddig yourself, be prepared for a pull-back, if you think you are selling at the top, be prepared to see the shareprice go beyond where you sold... that's trading. Do partial buys going in, be prepared to average down, do partial sells on the rise and be prepared to see the shareprice rise above where you first sold.
It's called a strategy, it helps alot to manage your stress and risk as well and helps you from selling super early and missing the real highs.
IMHO a buy at .10 will do well by May 13th but do your own research on HEXO to ensure you understand what they are doing and how the Zenabis addition will aid in their future success.
GL with your trading and don't forget to vote !!
Q
pleazu69 wrote: I thought I was being smart waiting to pick up at .10 lol I thought there would be more support down here, but there is still a very strong sell off happening (3million shares could take this down to 0) absolute junk, with no buyers buying (only small retail buyers getting stuck all the way down) I had to dump everything I bought at .10 because a new 52 week low looks like its coming fast according to the chart. I'm in line at 0.05 now see you soon.