Every trading filter I have is saying to me SHORT NOW
How can all of 'em be wrong? Lets see if we close at 3.30 or so at least to confirm my trading filter's accuracy
I think you should get some new software. Trading 10x volume with a +30% doesn't just happen, something tangible is happening to drive this. Go ahead and short it now and see how that works out for you.
thats what they said about BSDM, ZAGG, CHTP, oh man I can go on and on.
10x vol, 100x vol, whatever only means that there are more people who have jumped on the boat. when the boat starts sinking, the same people will have to jump off, thats all volume means in short to me. hey worked out pretty well shorting in short term. Of course, long term i cannot really say. i am a short term trader in general, unless the stock is really great
You just have to set it yourself, after a lot of back-testing. Of the many trading platforms I have, I like Trade-Ideas the best.
I cant really tell you what filter to use 'cause trading mentality for everybody is different. For example, I shorted BSDM at $3.3 when it showed up on my SHORT trading filter, but it rose to $3.4 after I shorted, and I shorted some more there, and then it rose to $3.5, I shorted more, and then it went to $3.6, guess what I did? Thats right, SHORTED more.
Everybody made fun of me 'cause they said I was 'wrong', but just 2 days later, BSDM was at low $2s, it may have even touched the 2.00 level i am not sure. Point is, thats my mentality.
If this goes higher, I will short the life out of it. wait till then end of the week, if not before