Richtech Robotics Stock Forum

• Henry Leong : Looks good with more positive news to come. Bullish. I really like it at this price. If you like it at $11, you got to Love it at $1.31

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• Rockaphobic : Unless I'm doing a swing trade, I only buy RR when it hits 1.35 or less. Otherwise, I aim to buy the low of the day. Pay attention to recent highs and set a TP to sell on the next. Keep in mind, however, that due to lack of volume, day flips aren't that consistent here. I will take a loss if I feel I can buy back in and still flip to my advantage.

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• PinkiiiOP Rockaphobic: Thank you soo much for the advice, I will implement accordingly. I am new to all this and generally still not able to get my entries n exits right. Till now, I was trying to hold all my positions till it turns green.

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• Rockaphobic PinkiiiOP: I would never say to sell in the red, but I will admit that depending on the situation, when I hit -20%, I may dump half of my shares and lower my average or I might just dump it all together. It all depends on what the upcoming trend and orderbook look like. If it's a total loss, just walk away and don't look back. If you've done due diligence and feel that the stock will rise, adjust your DCA and hang on. Ultimately, if the company you've vested in is worth your valuation per share, it may be a long hold. There isn't a right or wrong answer, so don't beat yourself up over losses. Losses are learning experiences. the wiser you get, the less they're necessary.

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• Pinkiii : Thank you sooo much for explaining in details about how to decide for possible entry n exit points

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• Pinkiii : I had a question on this:       Why you are not entering at 52 week low. Is it because you want to see that it’s not dropping below that, hence desired entry at $1.40 instead of 1.26……. Thank you in advance

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• RockaphobicOP Pinkiii: If you sit on this, you'll notice that it generally hovers in the 1.40-1.50 range. I always have a limit order set for the 52wk low, but it rarely hits it. That said, for long holds, I use a different broker entirely. That makes it easier to catch lows, always shooting for the bottom by flip flopping back and forth.

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• Pinkiii RockaphobicOP: Thank you soo much for the detailed answer

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• RockaphobicOP Pinkiii: I hope you were able to get in low when we last spoke!

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