The comments were stop at 19 -20 OR wait for break in
triangle. It broke, hit 200 DMA, and is back in the
triangle. Are we to assume that you still believe it will
likely bounce again in a wave C or 3? Thanks for your
insights.
EUO hit the 200 day MA where it logically pulled back, you
could have held with a wide stop commensurate with your
risk tolerance, or sold at the 200 MA and looked to buy back.
you have to decide for yourself sometimes, this is an open
ended trade. I have the comments there, read it and decide if
you wish to give a wide stop below 20 or not.
Always have a stop in place when you enter a trade, don't just
enter a trade and then leave it without a stop, if you don't know
where to set a stop, dont' enter the trade
Some trade ideas I suggest an initial stop like
BZthat had resistance at 9 with an initial stop at 8.75, if you
need more hand holding, perhaps you should stick to the trade ideas
that only have initial stops listed. Many don't and so avoid
those and only take the ones with initial stops listed
Posted by frtaylor on 13th of Jan 2011 at 10:11 am
thanks, I did notice the 200 ma, I bought some here. It's in my
IRA, so I'll go w/ the lower support of upper 19's. thanks again. I
don't know why I forgot a stop, I have them for most everything
else.
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refer to the watchlist comments,
EUO - Matt, should I exit?
Posted by matt on 13th of Jan 2011 at 09:36 am
refer to the watchlist comments,
Matt - EUO
Posted by mdgfain on 13th of Jan 2011 at 09:43 am
Matt,
The comments were stop at 19 -20 OR wait for break in triangle. It broke, hit 200 DMA, and is back in the triangle. Are we to assume that you still believe it will likely bounce again in a wave C or 3? Thanks for your insights.
Title: click to expand EUO hit
Posted by matt on 13th of Jan 2011 at 09:56 am
EUO hit the 200 day MA where it logically pulled back, you could have held with a wide stop commensurate with your risk tolerance, or sold at the 200 MA and looked to buy back.
you have to decide for yourself sometimes, this is an open ended trade. I have the comments there, read it and decide if you wish to give a wide stop below 20 or not.
Always have a stop in place when you enter a trade, don't just enter a trade and then leave it without a stop, if you don't know where to set a stop, dont' enter the trade
Some trade ideas I suggest an initial stop like BZ that had resistance at 9 with an initial stop at 8.75, if you need more hand holding, perhaps you should stick to the trade ideas that only have initial stops listed. Many don't and so avoid those and only take the ones with initial stops listed
thanks, I did notice the
Posted by frtaylor on 13th of Jan 2011 at 10:11 am
thanks, I did notice the 200 ma, I bought some here. It's in my IRA, so I'll go w/ the lower support of upper 19's. thanks again. I don't know why I forgot a stop, I have them for most everything else.