Quote:
Originally Posted by lewdog
Not bad, you're learning!
It's low risk, if you make if that. Big red flags though which is ONLY why I'd take it with super low risk.
Red flags:
1. Current price is below it's 200, 150 and 50 day MA. Woof.
2. Many red days in June-August were on higher volume.
3. The stock has not shown any bit of a true reversal pattern yet.
One positive is short term trend line shows higher lows are happening, so it's possible this had bottomed.
Past 3 days of closing have had all very similar lows. 13.51, 13.45, 13.44. I bought late in the day and chose to make my stop like I normally do which is take the low of 13.45 x .999 so I set my stop loss right below a prior low. My stop registered at 13.43 today and I bought at 13.57, which is 1% risk.
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And this is why you set stops as a trader.
Closed at 12.86 today. Buying in as a trader, without a stop, is just gambling.