A classical “pump-and-dump” campaign, sucking in buyers for the smart money to unload their profitable longs, and leaving many punters trapped in their losing positions when they buy on greed and exuberance. Smart traders would have shorted as the big boys were cashing out (red arrow), and there is still more downside to go. I will be holding these shorts for a bit more profit.
ALL YOU NEED TO KNOW ABOUT TRADING!
Hi, Spencer here! 😀
After making my first million at 28, and trading & teaching across 60+ countries, I have consolidated my knowledge and experience to create the most comprehensive & practical guides for profitable trading, compiled from thousands of books, websites, courses, and interviews with professionals.
As a former professional trader in private equity and proprietary funds, I have over 15 years of market experience, and have been featured on more than 20 occasions in the media.
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[…] This is follow-up on Geo Energy Resources which we posted back in April, regarding our short trade. https://synapsetrading.com/2013/04/penny-punting-with-behavioral-analysis-geo-energy-resources/ […]
[…] https://synapsetrading.com/2013/04/straits-times-index-how-i-predicted-the-breakout/ https://synapsetrading.com/2013/04/penny-punting-with-behavioral-analysis-geo-energy-resources/ […]
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