CYTR Roller Coaster

The Entry Points

CYTR has been on a month-long roller coaster ride, after the big selloff and selling climax last summer, and then to penny stock status. It tried to poke its head above $1 in April when it traded in the range, but was rejected the first time. Here is the live video about daytrading it in that range. A few weeks ago. when it was trading in the .40 range, my partner Stevie told me to look at it. The volume was dying and it was under accumulation. I thought it needed more time. It did not. I blew it. She stepped up to the plate and bought it, and did a great job with this one. Proving once again this business is mainly about preparation, belief in your work and courage.

 

 

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About traderscott 1146 Articles
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.

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