archives
Worst Over?
I think there is a good chance we have reached a bottom. The day the Venture was down around 9% was the panic selling day and since then it looks like we are on track for a 3rd day of good gains.
If you sold out your test position in Mega, consider coming back in again. It may seem weird to exit a stock then come back into it but nobody can ever predict 100% what will happen in the future. So we have to test our theories with smaller positions and then increase our position as the stock goes up.
Because if the price is going up that means we are right. And until the stock stops going up we should continue adding to our position.
If you are not familiar with this technique, try it out and see if it gives you results. I have found this technique to be the most effective in minimizing losses while still providing good gains because we try to ride out positions as long as possible.