Posted by bravestar on 12th of Jan 2016 at 12:53 pm
I am still in, I overdid it with the bounce this morning so I
have to get out of some
Reply: If you overdid as you say then why not sell some into the
early move? At least on XLY which moved higher. SMH was a gap
and fade..no entry intraday.
Posted by bravestar on 12th of Jan 2016 at 01:51 pm
I put the order in pre market for SMH for limit price above
yesterdays high and I put the stop limit at about 5 cents higher,
it filled as soon as the market opened and started to drop. I did
not expect that. I do not usually put orders in premarket. I should
have sold XLY when it went up. I did not expect that either, and i
forgot about the 9 ema target and was happy it was going up. you
dont have to answer right away.
Answer: Well, the market gapped up this morning so you shouldn't
have been surprised. Again, stick to your plan at the time of entry
and adhere to your stops as it relates to your plan.
Second Reply: Please note one additional thing..the SMH is not
the SOX (they are different).
Nothing more to say as we have addressed your questions
thoroughly below..trade your plan. Also, it's best to send
specific questions via a private message versus posting on the blog
going forward. This helps to keep the blog clear for market
information which best serves everyone.
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thanks I understand what u mean
XLK etc SMH
Posted by bravestar on 12th of Jan 2016 at 12:53 pm
I am still in, I overdid it with the bounce this morning so I have to get out of some
Reply: If you overdid as you say then why not sell some into the early move? At least on XLY which moved higher. SMH was a gap and fade..no entry intraday.
XLK etc SMH
Posted by bravestar on 12th of Jan 2016 at 01:51 pm
I put the order in pre market for SMH for limit price above yesterdays high and I put the stop limit at about 5 cents higher, it filled as soon as the market opened and started to drop. I did not expect that. I do not usually put orders in premarket. I should have sold XLY when it went up. I did not expect that either, and i forgot about the 9 ema target and was happy it was going up. you dont have to answer right away.
Answer: Well, the market gapped up this morning so you shouldn't have been surprised. Again, stick to your plan at the time of entry and adhere to your stops as it relates to your plan.
Second Reply: Please note one additional thing..the SMH is not the SOX (they are different).
Nothing more to say as
Posted by steve on 12th of Jan 2016 at 01:52 pm
Nothing more to say as we have addressed your questions thoroughly below..trade your plan. Also, it's best to send specific questions via a private message versus posting on the blog going forward. This helps to keep the blog clear for market information which best serves everyone.