Only strict rules of my pennystocks100 strategy saved me from
$YRCW crazy sell off today. It opened lower than yesterday and I liked it. Then first 3-min bar closing higher than open triggered buy signal at $1.48.
$YRCW runs to 1.55, tops there and 3% lower at $1.49 triggers my trailing 3% stop loss. What happened after that can be seen on the chart. I managed even to scalp 1 cent per share in this trade, but I feel bad for "investors" who were holding
$YRCW all day long hoping for a recovery that never materialize. Penny stock trading is ruthless and only super discipline traders survive. Not the smartest, but the most disciplined. That's the truth of this "game" and I love this game ;-)
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