@CTUCyberGroup Lesson: Up Too Much

Cyber Trading UniversityArticles @CTUCyberGroup Lesson: Up Too Much

@CTUCyberGroup Lesson: Up Too Much

HDYuptoomuch

We’ve been having a phenomenal May so far in the CyberGroup Live Trading Room. Yesterday’s winner is up over 200% for the day $HFT certainly helped as the #cybertraders jumped on it and made a killing! Today the list of big winners seemed endless! $DXM $KNDI $PBR $SFY and $ISR are just to name a few. Something interesting I want to go over is $HFT.

When I do my morning meetings, one of the first thing we do is scan through some big gainers on the #Nasdaq. A lot of the time my students will see my skip over a stock that is up huge already. There is a such thing as a stock being up too much. If you look at the graph of $HFT it show’s yesterday and today’s one minute chart. Even though it had a great push into the close, this morning in the premarket it actually opened lower. Something I tell my students is that you can buy it back. When a stock is up big you have lots of profit taking, when lots of people sell a stock, what happens? This on top of an overall correction and sometimes you’ll see the stock go all the way back down to where it was. Be careful just following a stock long because it’s up big. You know I always say, you can’t go broke taking a profit, so do yourself a favor, lock in your profit and let me just reiterate it one more time. You can always buy it back.

Cyber Trading University

Cyber Trading University was founded by Fausto Pugliese and has been providing training courses for over 20 years.

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