Inaflap, I said two things that are important. I said "so far" it looks like an empty zone. Since then the volume has picked up during the day which would most likely be enough to keep me out of the trade as its still a bit "wild".
Also placing a stop under 74c doesnt necessrily mean 73c and also if there is a lot of buyers on the market depth at 73c like there is, logically I would say thats got a good chance of holding and I would do my stop loss manually, watching to see if that price gets eaten into before selling.
I guess this is why no-one should take trades based on what other people trade or dont trade on HC. Because although what ive written is true for my trading style, there are countless other factors that come into my decision making to actually take the trade or not.
I also like to trade on the close, not half way through the day for the reason that intraday changes (like our increased volume) are too common and dont give an accurate picture of whether or not it is in fact a safe entry.
TCQ Price at posting:
7.4¢ Sentiment: None Disclosure: Not Held
