Purchased ATPG at $10.10 about 5
days ago. Moved my stop yesterday morning
to $10.23 (just below the middle Bollinger Band).
Yesterday the bid came down took me out for a small loss, then
almost immediately reversed course forming a dragonfly doji and
closed at $10.50. I was mildly annoyed thinking the
marketmaker took people like me right out of the trade, then
allowed the stock to rise. Boy was I wrong.
Today I was reminded just why stops and taking small losses are
ok. ATPG cratered (down $2.05) and closed outside the
bottom Bollinger Band at $8.45. A well placed stop
indeed.
There's always a lessen in every trade........
Posted by RichieD on 9th of Nov 2011 at 05:55 pm
Purchased ATPG at $10.10 about 5 days ago. Moved my stop yesterday morning to $10.23 (just below the middle Bollinger Band). Yesterday the bid came down took me out for a small loss, then almost immediately reversed course forming a dragonfly doji and closed at $10.50. I was mildly annoyed thinking the marketmaker took people like me right out of the trade, then allowed the stock to rise. Boy was I wrong.
Today I was reminded just why stops and taking small losses are ok. ATPG cratered (down $2.05) and closed outside the bottom Bollinger Band at $8.45. A well placed stop indeed.
good example richieD....lesson for a
Posted by marketguy on 9th of Nov 2011 at 07:01 pm
good example richieD....lesson for a lot of us (especially me and options)....
stops a must
Posted by drmelillo on 10th of Nov 2011 at 06:37 am
stops a must