Friday, May 22, 2015

QT Vascular - A Fast Cut Loss

On May 19 Tuesday, I gave a bullish call of QT vascular before any good news was released.

After market closed, a good news was released and the next day it gap up 1 pip.

The unfortunate thing was even with a piece of good news, the stock doesn't run. After several hours, I realized the changes on the flippings of the stock and I decided to give a cut loss call. Most of them cut loss fast probably in the 1-2 range and today the stock tanked further.

Well, the morale of story is if a good news is released with any price movement, be fast and either book a fast $ or cut loss fast to avoid a bigger hole. Yuuzoo released a good news yesterday, and the price rocketed today, see the difference?

Ronald K - Market Psychologist - The Big Speculator