So remember all trades are different Everyday the market gives you different winning trades but sometimes you have to trade them right.With $AFH I never panicked Stock dropped to .60 but I held my ground then they pumped it and I planned my sale. Once it broke over .80.
I dumped
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So Brian, I see this formation all the time... what is usually next on these, are they still bullish? is this over? how many waves are sustainable.
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It's usually over until more news or some reason why heavy volume comes back in. New money has top come in now to buy out the losers who are still holding and want out.
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How did you know to hold in this situation vs exiting early to minimize loss
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Good question. It's not unusual for a stock that was trading higher premarket to sell off a bit at the open. Volume was still strong and as I stated I had a price target.
Also the stock was not up that much so I didn't let the other traders out trade me. I was willing to hold.
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