Misc Trading Info #2:
Posted by: sheepdog
In reply to: None
Date:4/6/2007 7:42:11 PM
Post #of 19507
The thing is, we all have our own agenda and 99% of the people here don't care about you. The smartest traders will read the MM's and the chart and that's how you trade. This thing is only at .0022 thats f u c k all...EWDC went from .0014 to .0049 in two days and dumped... this is not that kind of stock. There are some holders here with 10 to 20 million shares when they start sellin look out. Will you know, yes, when you see those big sells it's time to move fast on that trigger. The smart traders sell on the way up slowy taking profits with out you knowing it...even ART. Don't panic and when the noise calms down it time to say good bye.
Posted by: GreedyFox2
In reply to: 727 who wrote msg# 19652
Date:4/7/2007 11:31:46 AM
Post #of 19790
Good point..those who picked up a boatload are running the show on the dips and spikes IMO. It's always a BIG help to know what they are planning on doing otherwise you can get smacked around like a pinball. Watch to see what mm's are being worked and how they set them up on level 2...some holders have a bad habit of patterns & showing their cards. If you can figure that out by watching level 2 you can do well. JMHO
Posted by: legalegaltx
In reply to: None
Date:4/7/2007 11:23:06 AM
Post #of 19798
What people usually do to sell a stock is ...find the next resistance (for example stock ABC next resistance is @ .015) sell right BEFORE the resistance because stocks will usualy hit resistance then fall DOWN. So sell right before resistance then buy back at support. If the stock breaks resistance then you buy after the bid side has broken the resistance and you ride it to the next level of resistance, with the old resistance now acting as support. And the old old support as support level 2
Sell at:
1. just prior to resistance levels
2. when your stock has lost support (then look to add at support level 2)
3. when a stock has formed a base then has lost that support
4. when your UP!!!
So buy at:
1. support levels
2. breaks of resistance on the bid side (clearly, dont buy if the bid cracks resistance for 1 second )
3. when a stock is basing after a long downtrend and the bearish are done pissing on your parade
......z
Do NOT view my Profile!! (i.e. click on zardiw)
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