to tell you the truth.....I let indicators twice
Post# of 2198
twice talk me out of two penny plays. one was jamn java coffee. Went from .05 to .15 and I thought that was insane....rsi was 75 each day..5 weeks later it was 4 dollars. unreal.
The other was a bio play that had the same rsi.went from .02 to .50, then back to .04 and then to 1.25...When it went from .02 to .06 I had a buy in, but pulled it when I saw rsi 70.Next damn thing it was at .15,then .25.
Funny, I can't remember the last ticket, yet I followed it a lot.Probablt cause I'm posted and subliminally can't deal with it. Ironically, they just went dark too.
moral to the story. ..95% of the time you can trade out by rsi.But, if the float is right and some crazy hedge can play the gaps- chart...they will...that they can here.
I don't like to watch penny trading, cause like today it's rigged.They walked it down to get shares, then bamb....release the hounds...these guys/computer mms are brutal. .when they want shares.
jmho
ts