This week's waterfall selling hit my stop loss at around $.12 with about 20% profit. But I loaded the bag again when I got a buy signal on the fib golden zone around at $.11. Now have a very tight stop loss right below the wick of today's candle in case this bounce is not a sustaining one. If momentum picks up, this could be rocket move we've been waiting on for months. it breaks below again, then I will get stopped out again with very little loss. The profit That I incurred from the last trade should sustain 4 or 5 bad trades if things don't work out. However, I am looking for an elevator ride to $.20 on this leg to complete the A wave of 5 on the minute degree.
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My position almost got stopped out. If price goes any lower, I will be out. But bounce seems to be strong this time....Comment
And...I am out!!
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