see if Friday's lows hold. Otherwise chart was broken with that
offering. Friday bounced off a demand zone, if one still had
shares could place a stop there
that said, guys always have your exit plan before you even buy a
stock, I'm sure vast majority were stopped out, which is just part
of trading. But if one still has shares you now need to place
your stop and exit plan and realize that also depends on what your
plan is. A pure trader would have been out, or may still hold onto
some but decide to exit if a bounce occurs soon. I say this
because the chart is broken for a while, it will need time to
recover, so another trader who might be willing to give it the time
it needs to base out and recover and is willing to stay in it for a
while might use a wide stop.
again the hope here is this ABC into demand if price can form a
higher low, however the March/April lows are also pretty close and
while price has bounced off demand (remember first test of demand
is generally bought) it might ultimately fail and retest those
April lows or undercut them - at this time you just don't know, we
have to let if flesh out.
for me I took my lumps on Friday, it bounced off demand and I
managed to sell the bounce off Friday's lows, took my lumps and
moved on. For others still in, my comments above
apply
remember the baseball analogy, it's about your batting average
and having a plan with defined risk. Just like a baseball
player you have a lot of strike outs, some walks etc, it's not
about each at bat, it's about your long term average - these things
happen, it's part of trading. Just like striking out is a
part of baseball, you don't freak out about a strike out if overall
you are a good hitter, strikeouts are a part of the game, just like
stopping out or getting a bad trade is part of the trading game
Does anyone have any thoughts
Posted by rmoore100 on 13th of Jul 2026 at 10:31 am
Does anyone have any thoughts on FRMI ? Thanks
see if Friday's lows hold.
Posted by matt on 13th of Jul 2026 at 10:54 am
see if Friday's lows hold. Otherwise chart was broken with that offering. Friday bounced off a demand zone, if one still had shares could place a stop there
that said, guys always have your exit plan before you even buy a stock, I'm sure vast majority were stopped out, which is just part of trading. But if one still has shares you now need to place your stop and exit plan and realize that also depends on what your plan is. A pure trader would have been out, or may still hold onto some but decide to exit if a bounce occurs soon. I say this because the chart is broken for a while, it will need time to recover, so another trader who might be willing to give it the time it needs to base out and recover and is willing to stay in it for a while might use a wide stop.
again the hope here is this ABC into demand if price can form a higher low, however the March/April lows are also pretty close and while price has bounced off demand (remember first test of demand is generally bought) it might ultimately fail and retest those April lows or undercut them - at this time you just don't know, we have to let if flesh out.
for me I took my lumps on Friday, it bounced off demand and I managed to sell the bounce off Friday's lows, took my lumps and moved on. For others still in, my comments above apply
remember the baseball analogy, it's about your batting average and having a plan with defined risk. Just like a baseball player you have a lot of strike outs, some walks etc, it's not about each at bat, it's about your long term average - these things happen, it's part of trading. Just like striking out is a part of baseball, you don't freak out about a strike out if overall you are a good hitter, strikeouts are a part of the game, just like stopping out or getting a bad trade is part of the trading game
Thanks Matt for that explanation.....appreciate
Posted by rmoore100 on 13th of Jul 2026 at 11:37 am
Thanks Matt for that explanation.....appreciate it !!!