Our 12631 Trading Service in The PPT focuses on decision-making and correct processes above all else. For every winning trade that @RaginCajun and I make, there are far better lessons learned by members regarding strategic thinking, risk management, portfolio allocation, technical analysis, and overall discipline of trading. In other words, we offer a full range of tools and services to members instead of pumping illiquid penny stocks to our subscribers.
Oftentimes, we answer questions about charts we are not holding, nor are our members.
As an example, a member asked me just now about Sanchez Energy and the wacky candle the chart is printing today.
Here was my instant response inside our 12631 Pelican Chat Room:
(SN) can be a rather thinly traded stock in terms of volume, so that should be taken into consideration. When you look at charts of thinly traded stocks you can expect a bit more turbulence even in strong price action–Think of it as flying in a propeller plane versus a big commercial one, it just will get bounced around a lot more inherently. The main point from the SN chart today is that it gapped up to its declining 200-day moving average above and is finding expected short-term resistance. I’d watch for it to take a few days and come to terms with $20 for a few days. I would not be inclined to chase it here.
