Making profits in the market is like going to the
Post# of 1023
Posted On: 03/03/2016 2:08:18 PM
Making profits in the market is like going to the gym.
You don't just walk into a gym for the first time and start lifting the heaviest weights. And why not? Because your body's foundation isn't strong enough to support the weight.
Also, what happens if you get discouraged at the gym because you aren't seeing results as fast as you hoped? You stop going to the gym, right?
Same thing goes for stocks..
SCIE's stock price isn't at $10 or $5 or .20 cents or even a penny yet because the chart's foundation isn't strong enough to support it. Ever hear of 'Support Levels' ?
http://stockcharts.com/school/doku.php?id=cha...resistance
This stuff isn't made up and I'm not making it up just to flap my gums. SCIE just entered the ichimoku cloud on February 23rd. That was only 9 days ago! That's not even two hands worth of fingers. And people are expecting us to be at $50 or some crazy price?
We need to look at what we know. We know we are finally inside the Cloud. Everyone should be ecstatic that we are inside the cloud, but of course, the only thing that matters to most people is whether or not the share price is increasing.
We know the support level of that cloud (as mentioned in two previous posts) is Leading Span A (the green line) below the red blob (cloud). And that's pretty much all I care about right now because just prior to February 23rd we had NO SUPPORT because the price was BELOW the cloud.
See where I'm going with this? Look at the chart below..
See the red arrows? Whats below them? NOTHING . Why? Because SCIE had NO SUPPORT which is why the price kept falling and falling and falling.
Now look at the green arrows. Whats are they pointing at (or closely point at; my hand was shaking due to lack of coffee and couldn't get the arrows to line up the way I wanted) Theyre pointing at Leading Span A - the green line which makes up the bottom of the ichimoku cloud. Why does this matter? Because now, the share price has SUPPORT . It has something to BOUNCE OFF OF . Get it?
An increase in share price is probably .05% of the entire picture. An increase in share price is the GOAL and not the process. But no one likes to look at the process to reach that goal.
Everyone wants to be millionaires but only a handful at best actually make a million in the market. And why is this? Because the majority of investors are 'rich-quick' minded people who invest $100 - $10,000 in one company with all the hopes and dreams of yachts and cars and houses; but at the first sign of a decline in share price, everyone freaks out, pulls out their hair, and sells, and then proceeds to blame everyone except themselves for the loss of their investment.
I'm telling everyone who reads this, I'm not your financial advisor ; I never pretended to be. I'm definitely not paid to write this stuff in an online forum because my goal in life isn't to sit at a computer all day just to impress strangers on my chart reading skills. I write this stuff in this forum because the market interests me and writing it down helps me evaluate my investing strategies.
If current investors want to make a killing in SCIE, lots of things need to come together all at once. I have no control over what Spectra Science does as a company. What I do have control over is my ability to interpret the charts. And the number one thing I know and have repeated a TRILLION TIMES (ok, 12 times, but a trillion sounds cooler) is that red days aren't always bad. I'm not going to keep saying it because its not like I'm your teacher or something. Geeesh. In fact, I'm so confident we will begin to rise in share price again (obviously dependent on the results of the 10-K on or around April 1st) that this is going to be my last post for the month of March. Theres no point in me continuing to repeat myself over and over. 99% of the readers on this board don't even post, so its not like I'm getting anything out of if for myself.
You don't just walk into a gym for the first time and start lifting the heaviest weights. And why not? Because your body's foundation isn't strong enough to support the weight.
Also, what happens if you get discouraged at the gym because you aren't seeing results as fast as you hoped? You stop going to the gym, right?
Same thing goes for stocks..
SCIE's stock price isn't at $10 or $5 or .20 cents or even a penny yet because the chart's foundation isn't strong enough to support it. Ever hear of 'Support Levels' ?
http://stockcharts.com/school/doku.php?id=cha...resistance
This stuff isn't made up and I'm not making it up just to flap my gums. SCIE just entered the ichimoku cloud on February 23rd. That was only 9 days ago! That's not even two hands worth of fingers. And people are expecting us to be at $50 or some crazy price?
We need to look at what we know. We know we are finally inside the Cloud. Everyone should be ecstatic that we are inside the cloud, but of course, the only thing that matters to most people is whether or not the share price is increasing.
We know the support level of that cloud (as mentioned in two previous posts) is Leading Span A (the green line) below the red blob (cloud). And that's pretty much all I care about right now because just prior to February 23rd we had NO SUPPORT because the price was BELOW the cloud.
See where I'm going with this? Look at the chart below..
See the red arrows? Whats below them? NOTHING . Why? Because SCIE had NO SUPPORT which is why the price kept falling and falling and falling.
Now look at the green arrows. Whats are they pointing at (or closely point at; my hand was shaking due to lack of coffee and couldn't get the arrows to line up the way I wanted) Theyre pointing at Leading Span A - the green line which makes up the bottom of the ichimoku cloud. Why does this matter? Because now, the share price has SUPPORT . It has something to BOUNCE OFF OF . Get it?
An increase in share price is probably .05% of the entire picture. An increase in share price is the GOAL and not the process. But no one likes to look at the process to reach that goal.
Everyone wants to be millionaires but only a handful at best actually make a million in the market. And why is this? Because the majority of investors are 'rich-quick' minded people who invest $100 - $10,000 in one company with all the hopes and dreams of yachts and cars and houses; but at the first sign of a decline in share price, everyone freaks out, pulls out their hair, and sells, and then proceeds to blame everyone except themselves for the loss of their investment.
I'm telling everyone who reads this, I'm not your financial advisor ; I never pretended to be. I'm definitely not paid to write this stuff in an online forum because my goal in life isn't to sit at a computer all day just to impress strangers on my chart reading skills. I write this stuff in this forum because the market interests me and writing it down helps me evaluate my investing strategies.
If current investors want to make a killing in SCIE, lots of things need to come together all at once. I have no control over what Spectra Science does as a company. What I do have control over is my ability to interpret the charts. And the number one thing I know and have repeated a TRILLION TIMES (ok, 12 times, but a trillion sounds cooler) is that red days aren't always bad. I'm not going to keep saying it because its not like I'm your teacher or something. Geeesh. In fact, I'm so confident we will begin to rise in share price again (obviously dependent on the results of the 10-K on or around April 1st) that this is going to be my last post for the month of March. Theres no point in me continuing to repeat myself over and over. 99% of the readers on this board don't even post, so its not like I'm getting anything out of if for myself.
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The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.