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Hello fellow investors / traders,
I'm feeling pretty sick about my last alert.
It gapped up, then sold off, just like I warned you about... Now a couple days later, it is trading up 30%.
Here is what I said the other day...
"Support levels are not an exact
science. While I think it has found support over the past couple days,
there is a chance that ENRT tests
support once more before it moves higher."
"And let me be clear - be careful of any large gap ups. While some gap ups do continue to make bigger gains, its could also sell off at the open."
It seems both of these things happened.
And to make matters worse, there were a couple of medical marijuana stocks that got halted the same day, including what has been perceived by many as one of the more "reputable" marijuana stocks, Advanced Cannabis Solutions (CANN).
This no doubt had a negative impact on ENRT.
Remember, when a stock gaps up like ENRT did when I alerted it, you have a few options...
1/ ride the momentum higher and get ready to sell quickly
2/ wait for a pullback and see if it holds support and looks like it will move higher.
3/ wait until the morning volatility is over and look to enter later in the day once it has establish support
Always however be ready to cut your losses.
Remember, I've alerted some big winners recently... A few triple digit percentage gains, and several double digit winners.
But like everyone, I am human and alert the odd loser too. Sometimes I am just wrong in my analysis, it's that simple.
You don't have to be a college graduate to figure out that you can make a lot of money with several double and triple digit winners, while also having the odd 5-10% loser (10% max is where you should always be aiming to cut your losses).
So this weekend, I will be spending my time getting back to basics, researching some potential winning trades for next week.
Have a nice weekend.
ShiznitStocks.com
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