Posted by darnelds on 14th of Jun 2012 at 11:20 am
Falcon, An alternative to buying inside the pattern
(before the break) is to create a buy stop order at the breakout
price. You can get whipsawed (price breaks above, triggers
your buy, then backs off back into the pattern), but it is one way
to get in without watching it all day. Only on high-volume
issues. If you try this with one of these dogs that has 50k
shares a day, they will trigger your order and take your money.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Falcon, An alternative to buying
BOIL natural gas
Posted by darnelds on 14th of Jun 2012 at 11:20 am
Falcon, An alternative to buying inside the pattern (before the break) is to create a buy stop order at the breakout price. You can get whipsawed (price breaks above, triggers your buy, then backs off back into the pattern), but it is one way to get in without watching it all day. Only on high-volume issues. If you try this with one of these dogs that has 50k shares a day, they will trigger your order and take your money.