IMU looks hot, but too many for me. (Rules rules rules)
Eleanor Lloyd: Looks like you should be shorting it!
Jordan Howard: really??
Eleanor Lloyd: May get to .04 but will certainly get back to .028!
Hannah Gibson: Why short?
Eleanor Lloyd: Not far away from .028 now!
Kyleigh Saunders: What about AGO I remember you posting saying too many shares. Then the next post I read you saying you were already in.
Eleanor Lloyd: 9 billion? But if your not in AGO do you even trade speccies!
Eleanor Lloyd: Made plenty of money on AGO!
Kyleigh Saunders: Gotta have your bread & butter stocks ðŸ¤™ðŸ½
Aubrey Cook: My first stock was ago Put 5k on them then they made me 15k ðŸ˜‚ Parents called it a fluke! And it 100% was ðŸ˜‚ðŸ˜‚
Kyleigh Saunders: Haha thats gold. Take them as they come 🙂
Jordan Howard: I also said that AGO was a cash cow, that was the difference
Megan Brewer: Can u not set soi in the parameters just curious
Jordan Howard: Megan Brewer: nope, but its good idea. Thanks
Megan Brewer: No problem rules are awesome and set for a reason but if u are so sure and confident with them seems a waste of time and bad psychology having them still pop up on in face all the time
Jordan Howard: Megan Brewer: , not everyone shares my views (clearly) so its up to everyone to right their onw rules. Theres people here that will trade things like bly with 26 billion on issue. I can find more stocks to trade than you can poke a stick at, so I need to cut back my choices somewhere, SOI, volume traded, value traded are a couple of methods that keep me out of stocks.
Skyla Poole: Didnt this happen ages ago? And you still keep bringing it up…?
Megan Brewer: Frank Watkins I get that and its great to have rules I just find it interesting you keep mentioning stocks that break your â€œrulesâ€ its like you want to live vicariously through other traders in an aspect
Megan Brewer: For me a dont have exact set of rules but criteria that needs to be met for example 10 rules but if 8 are met and I feel its right thats enough not quite that simple some rules have more weight than others sounds complicated but if it was easy we would all be rich
Skyla Poole: Megan Brewer: ….different people have different rules, some of the finds may suit others rules. Tough concept, I know. But go with it.
Megan Brewer: Righto
Jordan Howard: Megan Brewer: I agree with your concept of 8 out of ten is good enough, but two of the ten should probably be written in stone
Megan Brewer: Thats where the more weight than others comes in good answer but that brings me back to the question why not be able to set the parameter especially when Ive read that you created the program to suit what you are looking for
Jordan Howard: Megan Brewer: nope, I just point things out generally, I dont really care what others do, as long as you are profitable, you can even use fundamentals, no skin off my nose
Megan Brewer: If thats one of the ones set in stone what might be the other.
Jordan Howard: Megan Brewer: because 1000 different people will have 1000 different ideas, I just know what works for me
Jordan Howard: obv
Megan Brewer: Ok should of seen that one coming
Jordan Howard: lol good stuff
Max Ferguson: Does the low volume leading to the resistance line make a negative confirmation?
Megan Brewer: No way its almost a positive you need to learn to understand supply and demand with respect to the big fish
Max Ferguson: I thought rising price and rising volume together was ideal?
Megan Brewer: Yes it is ideal most important is that if price is decreasing there is no volume and when not breaks there is volume sorry if I confused you
Max Ferguson: Yeh i get what your saying.
Max Ferguson: Got stopped out of what i thought was a breakout today. Anything obvious i missed in this chart?
Megan Brewer: What was your stop loss?
Max Ferguson: 1.16. Bought on positive obv and price movement on open at 1.19 after punching through the line the day before
Megan Brewer: What are your goals are you trying to day trade, invest swing trade or what its very important
Max Ferguson: Intrinsic value seems to be at the 1.90 to 2.00 range. Looks like the next solid resistance is near that too
Megan Brewer: Wouldnt trade invest whatever unless you are prepared to have a stop at .88
Megan Brewer: Its in a current down trend so day trading or short term trading it just above a round number like $1 is suicide
Megan Brewer: Pm if you want other more favourable trades
Max Ferguson: Breaking downtrend resistance and a horizontal resistance looked a good entry for an undervalued stock. .88 being the recent low?…See more
Megan Brewer: Yes and if it breaks .88 it would signify a downward trend also better off buying less but having a safe stop or somewhere where you know it wont likely bounce back. Clv great stock but you are late the party. Maybe trade on a break of fresh highs with tight stops but move on. Have a look at pow and bru imo
Max Ferguson: Will check them out. Thanks
Megan Brewer: All good hear to help share and learn always