again read what I wrote below, under a normal market that was
trending up you could give it some room and swing it. however
this market, what happens if what I talked about last night that
concerns me, if the market loses the 200 day MA, it could have a
hard flush down to the Feb lows. If that happened even really
good long setups would likely pullback as well. There are
times to swing and times to be more aggressive on taking profits.
Maybe you can give a stop at today's lows.
Otherwise personally I already scaled out almost 1/2 the
position for nice day trade as it's now up nearly 10% on the
day, I can set a stop that is positive, where I'm guaranteed to
make money because I took some nice profits
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Great one. got filled. what
SHLD follow up
Posted by arton on 29th of Mar 2018 at 09:52 am
Great one. got filled. what will be a logical stop here? thnx
again read what I wrote
Posted by matt on 29th of Mar 2018 at 09:59 am
again read what I wrote below, under a normal market that was trending up you could give it some room and swing it. however this market, what happens if what I talked about last night that concerns me, if the market loses the 200 day MA, it could have a hard flush down to the Feb lows. If that happened even really good long setups would likely pullback as well. There are times to swing and times to be more aggressive on taking profits. Maybe you can give a stop at today's lows.
Otherwise personally I already scaled out almost 1/2 the position for nice day trade as it's now up nearly 10% on the day, I can set a stop that is positive, where I'm guaranteed to make money because I took some nice profits