Gnus trend reversal - Learn to not be a bag holder
Trend reversal and volume increase with significant golden cross on hourly. You guys saw what happened last time I noticed these things on this ticker.
It went from $1.30 to $11. Now I am not saying that will happen again but the chart and my research on the company is very solid.
I will not do the research for you but I invite you to read through ALL of the company's press releases and shareholder letters. Even the very old ones.
I also invite you to go look at my previous TA's on GNUS which I have attached to the "related ideas" bar.
I believe there is quite a bit of upside here but it will be volatile so do not chase.
If you decide to enter do so on a pullback.
(Rant below is mainly for new traders or traders who are struggling to understand how this stuff works but I am sure
even experienced and profitable traders can gain something from it.)
This is the most underestimated stock in the market right now.
If you followed my first TA when it was $1.31 in may before the big run up, hopefully you took profit anywhere from $2 to $11.
You must always take profit even if it means just selling a portion of your position, this is not a game.
You must learn to manage and lower your risk.
That being said gnus is far from done imo.
Too much fear brought the price way down and the MM's love it because they got to reload for dirt cheap after dumping all of their shares on chasers.
I sold at $3, $5 and $7 on the first run up which where my targets when I did the TA.
( It is still up and is called "GNUS breaks 4 year bearish trend with violent move on volume") if you want to check it out.
Now I did not catch the top but I made a hell of a profit regardless (best swing tade of the year for me).
What would have happened if I just held? I would have lost ALL of my profit. This is why you MUST always take profit.
Now I am loaded back up with only a portion of the profit I made on the initial run with an avg of 1.07.
I already sold a third of my new position at $1.40 to lower risk and I will sell another portion of my position if it strikes $2 and re-evaluate from there.
You need to buy when the MM's are buying which they have been massively the past month according to dark pool and LVL2 data.
Then you need to sell BEFORE the MM's unload. At least scale out of the trade even if you whole heartedly believe it will continue.
If it doubles, do not be afraid to sell half and secure your initial investment. If it triples in a short period of time then sell all and wait to re enter later.
Most of the time MUCH later. (months)
Even if you get a 2% to 10% move on a stock you should consider selling and moving to the next play unless you have researched the company diligently and want to turn it into a long swing trade or investment.
PROFIT IS PROFIT!!!
Moves like the one you saw with gnus almost ALWAYS pull back massively. You can be a profitable trader. It is not as hard as most people make it seem. Learn to be disciplined and learn to STOP trading and investing with emotion.
REPLACE THE EMOTION WITH LOGIC. REPLACE THE IMPATINCE WITH PAITENCE. MAKING THE RIGHT ENTRY IS CRUCIAL. BUY THE FEAR. SELL THE HYPE. RESEARCH DIGELENTLY. MOST IMPORTANTLY STOP CHASING!!!
Do these things and watch your account turn around. I am tired of seeing good people lose money over stupid mistakes. You must learn to control your emotion and never let them control you.
/rant
THIS IS NOT FINANCIAL ADVICE
I AM NOT A FINACIAL ADVISOR
THIS IS NOT A RECOMENDATION TO BUY THIS STOCK
It went from $1.30 to $11. Now I am not saying that will happen again but the chart and my research on the company is very solid.
I will not do the research for you but I invite you to read through ALL of the company's press releases and shareholder letters. Even the very old ones.
I also invite you to go look at my previous TA's on GNUS which I have attached to the "related ideas" bar.
I believe there is quite a bit of upside here but it will be volatile so do not chase.
If you decide to enter do so on a pullback.
(Rant below is mainly for new traders or traders who are struggling to understand how this stuff works but I am sure
even experienced and profitable traders can gain something from it.)
This is the most underestimated stock in the market right now.
If you followed my first TA when it was $1.31 in may before the big run up, hopefully you took profit anywhere from $2 to $11.
You must always take profit even if it means just selling a portion of your position, this is not a game.
You must learn to manage and lower your risk.
That being said gnus is far from done imo.
Too much fear brought the price way down and the MM's love it because they got to reload for dirt cheap after dumping all of their shares on chasers.
I sold at $3, $5 and $7 on the first run up which where my targets when I did the TA.
( It is still up and is called "GNUS breaks 4 year bearish trend with violent move on volume") if you want to check it out.
Now I did not catch the top but I made a hell of a profit regardless (best swing tade of the year for me).
What would have happened if I just held? I would have lost ALL of my profit. This is why you MUST always take profit.
Now I am loaded back up with only a portion of the profit I made on the initial run with an avg of 1.07.
I already sold a third of my new position at $1.40 to lower risk and I will sell another portion of my position if it strikes $2 and re-evaluate from there.
You need to buy when the MM's are buying which they have been massively the past month according to dark pool and LVL2 data.
Then you need to sell BEFORE the MM's unload. At least scale out of the trade even if you whole heartedly believe it will continue.
If it doubles, do not be afraid to sell half and secure your initial investment. If it triples in a short period of time then sell all and wait to re enter later.
Most of the time MUCH later. (months)
Even if you get a 2% to 10% move on a stock you should consider selling and moving to the next play unless you have researched the company diligently and want to turn it into a long swing trade or investment.
PROFIT IS PROFIT!!!
Moves like the one you saw with gnus almost ALWAYS pull back massively. You can be a profitable trader. It is not as hard as most people make it seem. Learn to be disciplined and learn to STOP trading and investing with emotion.
REPLACE THE EMOTION WITH LOGIC. REPLACE THE IMPATINCE WITH PAITENCE. MAKING THE RIGHT ENTRY IS CRUCIAL. BUY THE FEAR. SELL THE HYPE. RESEARCH DIGELENTLY. MOST IMPORTANTLY STOP CHASING!!!
Do these things and watch your account turn around. I am tired of seeing good people lose money over stupid mistakes. You must learn to control your emotion and never let them control you.
/rant
THIS IS NOT FINANCIAL ADVICE
I AM NOT A FINACIAL ADVISOR
THIS IS NOT A RECOMENDATION TO BUY THIS STOCK
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