NDAQ:APHA - Post Discussion
Post by
Ghostinthedark on Mar 06, 2021 11:02am
The old “buy and hold”
And become a bagholder.
Pot stocks are so volatile that buying and holding is a great way to lose your money.
Case in point: Suppose you listened to all the "pumpers" on this stock board, then bought APHA last Monday at $25....
And then you watched the share price drop like a falling knife for the rest of the week.
You would now have a loss of $600 on 100 shares.
In essence, you have become a "bag holder" ( holding shares that have dropped by 25%) Now you have to wait for the APHA to rise again like a Pheonix.
A few words of advice:
1. Stop listening to the utter shite posted on this board.---as 99% of it false, wishful thinking, ignorance, uneducated.
2. Learn how to read a candlestick chart on the daily time frame and weekly time frame and monthly time frame. You only want to buy a stock when the daily, weekly, and monthly charts are in an uptrend. ( Do this only if you want to buy and hold and risk becoming a hag holder for several days, weeks, months....
3. Learn the essentials of technical analysis,
- Moving Averages and moving average crossover
- Volume- bullish and bearish
- Relative Strength Index ( RSI)
-MACD
- Bollinger Bands
You can teach yourself----as all this essential knowledge for becoming a successful trader or stock investor is online, especially on Youtube.
Using what I know, as an example, for what might happen Monday.
1. I look at the charts----and see that we have a lower high share price and lower high share price on Friday. And so, the stock price continues to drop lower.
There is a strong possibility that APHA could continue to drop to Friday's low.
But if APHA moves higher than Friday's high share price m, then I know the bottom is in---and there is a strong possibility of the beginning od a bullish reversal!!!
Learn the charts, learn technical analysis, otherwise you'll likely become one of the bag holders who regularily post shite on this stock board.
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