Hmm?
$Salarius Pharmaceuticals(SLRX.US$ Well it didnt get to my next scale out yet! But the uptrend continues! and it’s holding up very well for a AM run! Every timeframe from 10 minutes to 4 hours is very bullish! So im going to do something rare! Im going to break my trading plan! This was only supposed to be a scalp/day trade! But i like it enough that i think im going to hold through the weekend! Yes break my trading plan, which I rarely do! So we will see what the last few minutes of trading does? If i dont get my next target? I guess it will be hello Monday PM! Hehehe! GL all![]()
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yue6868 : Could you take a look at FRGT for me? I don't know if to stop the loss or continue to insist, most of money in it, the loss is unbearable....
TrytosaveabitOP yue6868: May I ask how far down you are? I mean are you more than 20% down?
yue6868 TrytosaveabitOP: yes,just 20%
TrytosaveabitOP yue6868: This is only what I would do! This is in no way am I telling you what to do! First it’s very over sold! It’s basically been shorted very heavily since the R/S! It’s on the HTB list! With close to 10% SI! It has only 75K shares LTB at a CTB of 132.37%! At this point it is a dangerous play as it could continue to go down? But that daily chart looks like a exhaustion candle? And the volume picked up a bit today. Their financials especially their P/S ratio way above most companies in the sector! So this with what I’m seeing on the daily chart. I think I would be holding a bit longer! Again this in no way is FA! Im only telling you what I see and if I was holding? This is how I would do it at this time! GL and big profits to ya
yue6868 TrytosaveabitOP: Thank you so much. The loss is unbearable to me ...
TrytosaveabitOP yue6868: Im sure it is! That’s why you need a trading plan and stick to it! Use cost positioning! And try looking at it like this! You’re in a trade and it goes down 3/5%! You sell! But then you see it go up, and you say see if I would have just held a bit longer! Well that’s how you lose 20%+! But if you sell that at 3/5%, and then the price turns and really starts climbing! It’s way easier to buy back in and make up that small loss than the big loss! And on the flip if you sale at 3/5% loss and it goes down another 20% and turns up! Well now you buy back in at a lower price and it’s easier to make back losses as it climbs because now there is a good chance it’s going back to where the swing down started the first time? If so not only you get your losses back but you now can collect the extra 10/15% just for it to get back to resistance! Hope this makes sense? Im not very good explaining via chat! Much easier talking! Hehehe
yue6868 TrytosaveabitOP: Yes, I understand completely now. Thank you so much. Have a good night!
TrytosaveabitOP yue6868: You’re welcome! Thank you! You as well
Nuyoah : What's happening here
It keeps falling
TrytosaveabitOP Nuyoah: Yes it is! After the AM run that I said looked like it was coming on Friday! Well it came and people took profit and shorts moved in! This is why I always say secure profits! Scale out on the way up! GL
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