I am out for today.
GSX had such a terrible start and I was not sure if buy signal would trigger at all today. Just before 10am sell off slowed down and I decided to go long. The rest you know from the chart - 1st 30 min sell off turned into a 3%+ bull run during the next 20 min.
GSX saved us today and made losses just a fraction of what they could be without it. Overall negative -0.2% per trade which is very acceptable, especially after so prolonged green-only days. Remember, I use 3% stop loss and for very cheap stocks (<60 cents) sometimes I just use "manual" trading.
GSX stop loss triggered at 0.54 which honestly I don't know why happened. You probably all heard that a stop-loss order for penny stocks (for everything below $1) is a licence for your brokerage to steal money :-) That's I guess what happened with my
GSX sell at 0.54. Anyway, I try not to do it whenever possible and use 'manual' stop loss or in other words observe BAR CLOSE price for every 1 minute (or even 3 min), rather then follow Bid-Ask as typically automatic stop-loss orders do. Next time will be more accurate, but again -0.2% is not bad at all.
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