With day trading small stocks ...
Hopefully you learned.
Even a small drop in the Blue chips can be devastating for these small worthless companies.
When REAL stocks drop the Worthless small ones get Crushed. Have to sell them in advance and stop trading until next Bull signal
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Hopefully you learned 3 things from that last FAKE drop.
1) Buy oversold drops for bounces from the bottom of the downtrend. Market ALWAYS Bounces.
2) Recognize when the market makes a "Double Bottom"
3) Know that it's Buy and Hold when 10 sma crosses the 50 sma.
