WaveAzzReaderz
Long

RHE - Rothschilds trade penny stock as well! Bull Tomorrow

AMEX:RHE   REGIONAL HEALTH PROPERTIES INC
Blue line are the Pt. I am going in with 1K, the setup is bullish ;)

Note: When trading penny stocks
1. Look at the volume in 15 min TF
2. Trade using 1 min TF
2. If the price is increasing with decreasing volume , stop at the next fib usually 1.618
3. Observe the volume at each fib level extension, enter at .5 retracement or .38 retracment, stoploss below .38 retracement.
5. Never even think about averaging out, else you will avg . out for life in penny.

Now that you are ready to trade penny, have fun :D I am going in with 1K, something to play with
Comment: stoploss
Trade active: Entry 0.3699
sorry I keep going back to this but I bought at low .27 and has gone up to .34...I'm confident this will get pumped again, just look at the pattern it has created...and I am talking from a buy low, sell high perspective not doing option trading. I am going to recover those 20 dollars lol
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@rudyae86, haha :D it might.
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and it went up to .40....smh lol I lost 20 dollars selling at .29
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@rudyae86, lol this thing is crazzy
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And it went down even further. I think I bought in too high at .3815 lol
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rudyae86 rudyae86
@rudyae86, Volume has gotten weaker as well.
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@rudyae86, Yup stop loss kicked in
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rudyae86 WaveAzzReaderz
@WaveAzzReaderz, and I forgot to set my stop loss....smh fail for me lol
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@rudyae86, :( I am a options trader primary.
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rudyae86 WaveAzzReaderz
@WaveAzzReaderz, ohh I see. Well I'm learning so its ok. I should have sold at .41 and seen the buying pressure go down. I'm going to sell at .32 I guess, I doubt it will go up anytime soon, selling pressure is strong and price is going down.
+1 Reply
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