Wednesday, August 17, 2016

Advancer Global - It Pays to be Vigilant

Just booked profits on Advancer Global. It really pays to be extra vigilant when a newly listed IPO stock suffered some selling. Did not managed to sell at 0.375 at the high but ok, still managed to get 1 pip lowe at 0.37. It was such a close shave as the entire market is selling down a little now. The buy/sell Q flipped and the numbers were crazy, the flush was equally terrifying considering it was done in a shorter time frame. Initially, thought of holding it longer when I first captured the entry price, but it was getting weaker and hence decided to let it go.

Look at the 5 min chart, it was a good trade with a good entry point. Longed at 0.34 and as the stock trends up, it was strong as it was giving out CD. Today, just like 20 minutes ago, the stock then met with superb high volume and it reflected some serious high amount of buyers? Not taking any chances with those volume and because there was at 3/4 top, and hence decided that some profits is better than suffering unnecessary reactions. Mission accomplished. :)

Ronald K - Market Psychologist - A Stock Market Opportunist