GSS Energy - Selling on News

Today after the good news was released for GSS, I posted on my earlier blog post that the stock will suffer sell down. The reason for this sell down was first, the market condition was not in good shape and normally BBs will use good news to unload and lock in profits. The penny stocks were also not moving much where it was mostly selling like in Midas and BlackGoldNatural. Hence, short on good news since the gap up is about 18 pips up which was the right thing to do.

Luckily, my student locked in profits for Midas yesterday when the stock gap up too. There were too much buyers and he unloaded on the rising price. With only 100 lots, he made $2400+ in 4-5 Contra days which is not bad for a risky stock and a good % return within days. Study the Midas minute chart, the stock gap up too where retailers chased and big sellers unloading to lock in profits. Congrats!



Ronald K - Market Psychologist - A Stock Market Opportunist