i want to learn this technical analysis & make own predictions like urs
Lanmar
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@kavinluis, discipline and process is more important
Ken21
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Lanmar. Take a look at the current RSI level on ZIXI today as that level correlates to the price action that follows historically. I’d be interested to hear any thoughts you have on that.
Lanmar
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@Ken21, Ken, the price action on Friday was telling - this stock needs a lot more time to develop. I've been stopped out of the position and not looking to get back in for a while. RSI says oversold on the daily but more room for pain on the weekly
Ken21
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Lanmar rocks
Ken21
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Saw that. Had acquired and maintained a full position for over a month without stopping out. Discipline and process are so important. I’ve got as much to learn about those trading aspects as technical analysis. You can be right about a stock and still lose money trading it. Excellent call on another one Lanmar. So am I reading this right in that 21.68nis the TP?
Lanmar
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@Ken21, yes sir, everyone learns this the hard way. Long term objective is around the 20s imo, but who knows how long that could take and how it'll get there, if it does. With this stock I like the idea of using options for shorter term targets and a long term common stock position that you don't pay too much attention to until it crosses the high teens
Ken21
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Thanks for the update on this one. Holding long calls on ZIXI and added a couple further out.
Lanmar
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@Ken21, Np. It's a great looking trade imo. Options are tough on this though because it's difficult to get a sense of timing. How far out are your options?