Timing CYDY Ups/Downs/Day Trading I had taken 40%
Post# of 153875
(Total Views: 777)
Posted On: 10/27/2020 11:24:42 AM
Timing CYDY Ups/Downs/Day Trading
I had taken 40% of my CYDY out to buy NEXCF, expecting their uplisting soon. Bad decision for 2 reasons: they went red and when I sold today morning to buy back my CYDY, CYDY was already up 12%, so I lost that opportunity.
Now some folks are thinking, CYDY is up so much today, there will be some profit takers and day traders selling, and then the shorts will attack tomorrow, so sell while it is still 12% up for the day.
It's like sitting at a poker table as your stack of chips goes up and down, waiting for that next deal of the cards, when you can loose a lot (shorts) or win a lot (catalysts). But in poker, you godda keep betting and calling and bluffing to survive. Or you can walk away with some profit or loss, and come back tomorrow.
I had taken 40% of my CYDY out to buy NEXCF, expecting their uplisting soon. Bad decision for 2 reasons: they went red and when I sold today morning to buy back my CYDY, CYDY was already up 12%, so I lost that opportunity.
Now some folks are thinking, CYDY is up so much today, there will be some profit takers and day traders selling, and then the shorts will attack tomorrow, so sell while it is still 12% up for the day.
It's like sitting at a poker table as your stack of chips goes up and down, waiting for that next deal of the cards, when you can loose a lot (shorts) or win a lot (catalysts). But in poker, you godda keep betting and calling and bluffing to survive. Or you can walk away with some profit or loss, and come back tomorrow.
(1)
(0)