balance: $1,000
bought 33,000 shares of GTHA on 12/13/06 @ .03 and sold 33,000 shares on 12/15/06 @ .0375 for a profit of $224 and a gain of 22.4%
new balance: $1224
total gain after one play (%): 22.4%
GTHA showed up on my radar a little late, but i can’t complain about a gain of 22.4% on my first play of the experiment. GTHA was extremely oversold as the RSI, Stochastics, and StochRSI show. i entered at the end of the second day of the run at the HOD. looking back this may not have been the smartest move as it closed right on a strong resistance line of .03, but i felt that it had serious momentum over the last couple days (full white candles) and was holding the 5MA and 10MA. the next day it quickly broke thru the resistance at .03 — if it had retraced back down below .03, i would have sold, as the resistance there would have proven to be too strong. once it broke thru though, it quickly ran up to .04 where it encountered more strong resistance. i held on waiting for it to break the resistance but it retraced back down into the .03s and i held because it held the 5MA and 10MA. the next day it broke the resistance at .04 and i seriously thought it could be a great run, but it fell back down below .04 and i sold because i didn’t think it had the momentum to get thru .04 again and the stochastics were beginning to show it as being overbought.
