I hope some of you caught CHOP, nice trade, I gave heads up that
it was acting well this morning after the open, here's that 5 min
chart as you can see it moved strongly higher after that small
consolidation on the 5 min
IDK, one target is possibly 6.8 but trade it how you see
fit. you could have day traded it and been out of it and off
to Starbucks like Fixgear, or you could have sold 1/2 and given a
stop for the rest. Or you can can try to swing it since the
fundamentals are decent and give it a wide stop, but still I would
have locked something in on that first move. Really it's up
to you guys.
otherwise what I have personally been doing is to in this
triangle scenario is to hit and run and then move on to the next
one, sometimes I leave a little piece on for a runner
CHOP!!
Posted by matt on 28th of Oct 2010 at 10:08 am
I hope some of you caught CHOP, nice trade, I gave heads up that it was acting well this morning after the open, here's that 5 min chart as you can see it moved strongly higher after that small consolidation on the 5 min
Volume% is now 220%
chop target
Posted by debbies on 28th of Oct 2010 at 10:17 am
what is your target on chop
IDK, one target is possibly
Posted by matt on 28th of Oct 2010 at 10:39 am
IDK, one target is possibly 6.8 but trade it how you see fit. you could have day traded it and been out of it and off to Starbucks like Fixgear, or you could have sold 1/2 and given a stop for the rest. Or you can can try to swing it since the fundamentals are decent and give it a wide stop, but still I would have locked something in on that first move. Really it's up to you guys.
otherwise what I have personally been doing is to in this triangle scenario is to hit and run and then move on to the next one, sometimes I leave a little piece on for a runner
starbucks--
Posted by fixdgear on 28th of Oct 2010 at 10:47 am
lol...popular question...matt told me $6.80 but dont wait for that to lock in some gains....i locked em in...lol..
Posted by fixdgear on 28th of Oct 2010 at 10:19 am
thanks, yes I'm in!
Posted by frtaylor on 28th of Oct 2010 at 10:15 am
thanks, yes I'm in!