Skane, we are here to learn, educate ourselves, and become better traders...And if we make some money, so be it...I want us to be as smart as the pros, and able to dance around their large positions, while they stand around and say, "I didn't think those little guys could be a factor, but they are"....William O'Neil is indeed correct in his observations of the past about the market, that buying stocks under $15.00 makes no sense...But I hope to prove him wrong, that with intense study and discipline, you can pick the right low priced stocks, and bring back returns that would make the Wall Street Pros envious...
Quick read on ERTH
ADX is decelerating at 42....Still in consolidation phase(Fast Stochastic 8 day)...Am going to watch the 8.87-9.00 range as extent of pullback...If you spot a reversal at that level, let me know...It looks like the play will then be from that area to the neckline around 14.00....
Have a great day.....Remember when we get hit with losses, we sit back, stop trading for a few days, analyze our mistakes, and go on...
I post any mistakes I make next to my monitor, to try and emphasize my weaknesses...Remember what O'Neil said about bad habits.... |
