RE:RE:RE:RE:RE:Last trade for therma dumpPandora wrote: Smiles62 wrote: I believe that when it passes 0.50 it will run fairy fast towards $1, there is a big gap to fill.
Yes I'm selling at 0.49. After that I will try to swing trade it.
So you say once it passes 50 cents it will run quickly towards a $1 therefore you will sell at 49 cents.
Can you maybe expound on the logic? On the surface it kind of escapes me.
it's called crystallizing your gain. If you got in at 0.33 and you sell at 0.49, that is a great gain (for me). Just like the lot that I sold today at 0.395, it was a big gain (for me). That lot is put back in at 3 cents lower, if I get back in, great, if not, then I have all that cash on hand to play with.
To be successful is to not aim for the top but to have an exit strategy.
I believe that from 0.49, it will want to retract, that is where I should be able to get back in at 0.46. If I'm lucky at 0.46, i would let it go to 0.54 and so on. Swing trade.