Today(August 29) I bought 21000 shares of APC at .55 cents. My Cutloss price is .51 which is 2% risk of my equity value. The reason why I bought this stock is because of its volatility. Recently it traded in ceiling price (highest trading price of the day) at .69. So I decided to Buy at .57 which is 4% discount of its average price of that day(August 20). The next day it hit my Entry Price but I didn't bought any shares because I dont have any BP(Buying Power) in my account. The next day the price went down so I decided to buy at .55 which I bought today. The closing price of this stock today is .53 which is a two point more decrease and it will hit my exit price(cutloss price).
The price is above MA20 MA50 MA100 MA200. Which is a good indicator that the trend of the stock is healthy. One of my rules is to better trade if the stock price is above MA200. RSI is 54.62. CCI is 43.69. Rate of Change is 13.97.
I don't know if the stock will rally today(August 30). The only thing I know is if it hits my exit price then there's no doubt I will definitely cut my loss quickly. May the good Lord bless me this day.
Today. I just sold it at .52 cents coz it touch the .51 cents with high volume.
The price is above MA20 MA50 MA100 MA200. Which is a good indicator that the trend of the stock is healthy. One of my rules is to better trade if the stock price is above MA200. RSI is 54.62. CCI is 43.69. Rate of Change is 13.97.
I don't know if the stock will rally today(August 30). The only thing I know is if it hits my exit price then there's no doubt I will definitely cut my loss quickly. May the good Lord bless me this day.
Today. I just sold it at .52 cents coz it touch the .51 cents with high volume.
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