Even on very small volume? Appreciate your input.
TNY - Tinybeans Group
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Even on very small volume? Appreciate your input.
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Hi verce , I noticed the low volume and would be waiting to see how the bar finishes today.
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Since you have a position any thoughts on how you are going to manage it?
I have no urgent need to sell. My entry price is so low that I can weather any downturn. I would like to see how the next quarterly result turns out in July - I'm expecting further positive momentum and have no reason to doubt their forecasts.
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Ok , just out of curiosity , do you have a stop in?
or like max % drop from recent high?
or like max % drop from recent high?
No stops at all. I think relying on stops in such an illiquid stock is a recipe for disappointment.
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What about a mental stop?No stops at all. I think relying on stops in such an illiquid stock is a recipe for disappointment.
like BE?
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Impressive holdings, is the % profit or % of allocated capital?
Ran some articles on the stats for their new information hub.
https://tinybeans.com/articles/
Already rank ~50,000 globally, and nearly rank ~10,000 in the US. Special guest appearance from France.
I think this demonstrates the opportunity is worldwide in scope. Not bad for no additional headcount or costs required to run this platform.
https://tinybeans.com/articles/
Already rank ~50,000 globally, and nearly rank ~10,000 in the US. Special guest appearance from France.
I think this demonstrates the opportunity is worldwide in scope. Not bad for no additional headcount or costs required to run this platform.
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Is this the end of Tinybeans?!
I don't believe so Verce.
If I had entered this at $1.20 I would be down by about 5.6% percent so far. Today I would be watching the price to see if it falls below the 21dsma (purple wiggly line). If it failed this line I would be out. My next trade would give me my investment value less my % loss from TNY. I would need to do better next time and I would also review why I had failed this trade, what I missed to see on the chart. Every loss should be turned into a win by learning from a failure.
If I had bought in at 50c where I had been tempted to enter, I would also sell on the fail of the 21dsma. However if I had bought in at 30c at my first temptation price and intended to be a long term investor and prepared to ride the dips I would hold this until it fell to the 50dsma (Aqua line) and failed this line or the .70c support line. I would then sell.
Looking at the Twiggs weekly money flow (not shown), it has a slight fall but not falling at any great angle, this tells me so far the punters are happy. Talking about punters let's have a look at the Positive Volume Index. This is what the punters are thinking....pretty happy so far, maybe a few punters left on fail of support line but that is reasonable if the support line was their stop level.
Let's see what today brings...
Thank you Ann! I think that is a clearly articulated strategy, and I'm not exaggerating when I say this is really going to help me plan my approach.
I think I will wait and see if it holds above 70 cents. It was a challenging stock to acquire with so few shares on issue, so I don't want to give them up straight away without a fight.
@willoneau
to contribute to the exit discussion on the other
fri 17May close $1.41 new high
mon traded whatevs
tue 21May close 1.31 (down >5% from high so my system flagged for a look)
sold wednesday
usually 5% is not enough for me to sell so i look at lots of stuff to help groin scratch . in this case though i didn't really look i just took good (unexpected) profits cos i did not want it in my portfolio anymore for all those devil in the detail reasons.
(to each their own)
verce ..... would i have sold with a proper look back then?, prolly not. but i would be watching like a hawk right now and have an exit in mind whislt hoping i did not need it (shake and some profit taking from the run until proven otherwise)
to contribute to the exit discussion on the other
fri 17May close $1.41 new high
mon traded whatevs
tue 21May close 1.31 (down >5% from high so my system flagged for a look)
sold wednesday
usually 5% is not enough for me to sell so i look at lots of stuff to help groin scratch . in this case though i didn't really look i just took good (unexpected) profits cos i did not want it in my portfolio anymore for all those devil in the detail reasons.
(to each their own)
verce ..... would i have sold with a proper look back then?, prolly not. but i would be watching like a hawk right now and have an exit in mind whislt hoping i did not need it (shake and some profit taking from the run until proven otherwise)
verce,
could i also add these rambling thoughts
the run on the 16th would have popped trader scans that night. many would have grabbed positions on the 17th but it could not go on with it despite fresh blood ...... they would have been exiting over the last few days. i have not watched the trades to see if that is true but probability says it holds some truth.
good luck whatever u do
could i also add these rambling thoughts
the run on the 16th would have popped trader scans that night. many would have grabbed positions on the 17th but it could not go on with it despite fresh blood ...... they would have been exiting over the last few days. i have not watched the trades to see if that is true but probability says it holds some truth.
good luck whatever u do
tech/a
No Ordinary Duck
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Perhaps another opinion may shed some different light.
