I sent out a live trading signal to members ystday (2 Sept) at ard $0.97. and price shot up to $1.07 in the afternoon, a 10.3% potential profit, within the same day. Congratulations to those who followed my trading idea and made nice profit in this weak local market!
My live trading signal for Frenken can be found below
After the ROCKET move of Frencken, many people start to look at Frencken. Since ystday afternoon, I start to receive questions via sms/whatsapp or even phone call, asking what to do next? Can buy more? Can hold or should sell? Below is what I think for now:
To chase after price moved up so much is definitely a no-no to me, a good trader never take so much risk to chase. Those who missed the boat should know that it has gone, can only look out for future opportunities. Maybe can register with me to update with future opportunities.
While for those who had Frencken position, maybe because you bought it after receive my live trading ideas or because you had it for some time and suffered the sell down from $1.26 to 0.94 per share and did not sell. Congrats on ystday great move! But I would like to remind that the severe sell down in mid to end Aug may indicates that the uptrend may not able to continue any more. Therefore, the potential of Frencken is kind of limited. After the rocket move, can monitor if closely, if the short term momentum continue today, can hold to enjoy further move. But if price start to show weakness, I will consider start selling gradually to take profit and prevent price to drop after moved up so much.
To chase after price moved up so much is definitely a no-no to me, a good trader never take so much risk to chase. Those who missed the boat should know that it has gone, can only look out for future opportunities. Maybe can register with me to update with future opportunities.
While for those who had Frencken position, maybe because you bought it after receive my live trading ideas or because you had it for some time and suffered the sell down from $1.26 to 0.94 per share and did not sell. Congrats on ystday great move! But I would like to remind that the severe sell down in mid to end Aug may indicates that the uptrend may not able to continue any more. Therefore, the potential of Frencken is kind of limited. After the rocket move, can monitor if closely, if the short term momentum continue today, can hold to enjoy further move. But if price start to show weakness, I will consider start selling gradually to take profit and prevent price to drop after moved up so much.
Did you miss this Frencken opportunity? or you feel hard to do stock pick and market monitoring to catch nice great trading opportunities, like Frencken and other stocks (click HERE to read other trading calls made) ? If you would like to receive trading ideas for great stocks like Frencken and improve your performance in future......