NVAX - Chart Link - 60 min view, following
up on that swing example, stop should now be raised to that last
higher low with the new high in price today. That's 6 times stop
could have been trailed up.
again this is sort of an ideal trade, most won't work out this
well but you will catch things like this and moving stops up to
each higher low is a way to trail your shares up to stay in the
trend for as long as possible
also on NVAX - here's my updated 60 min chart where I showed how
one could have raised 5 - 6 times to each higher low. After
raising stop so many times once you see a really prominent negative
divergence one could consider just exiting near highs vs waiting
for your last higher low stop to be taken out. That's what I
like to do, I mean you tend to only get so many higher lows anyway,
once you get 4 and 5 of them you are pushing it and probably good
time to expect a rug pull. So I like to just exit vs waiting
for the last stop to be taken out. As you can see that last higher
low stop would have been taken out this morning, but you had a
pretty strong negative divergence yesterday so after having 5
trailing stops, yesterday would have been a good time to just
exit
NVAX follow up
Posted by matt on 25th of Jun 2020 at 09:37 am
NVAX - Chart Link - 60 min view, following up on that swing example, stop should now be raised to that last higher low with the new high in price today. That's 6 times stop could have been trailed up.
again this is sort of an ideal trade, most won't work out this well but you will catch things like this and moving stops up to each higher low is a way to trail your shares up to stay in the trend for as long as possible
island top on the 60
Posted by morton7 on 26th of Jun 2020 at 09:34 am
island top on the 60 min...
also on NVAX - here's
Posted by matt on 26th of Jun 2020 at 09:47 am
also on NVAX - here's my updated 60 min chart where I showed how one could have raised 5 - 6 times to each higher low. After raising stop so many times once you see a really prominent negative divergence one could consider just exiting near highs vs waiting for your last higher low stop to be taken out. That's what I like to do, I mean you tend to only get so many higher lows anyway, once you get 4 and 5 of them you are pushing it and probably good time to expect a rug pull. So I like to just exit vs waiting for the last stop to be taken out. As you can see that last higher low stop would have been taken out this morning, but you had a pretty strong negative divergence yesterday so after having 5 trailing stops, yesterday would have been a good time to just exit
Update: NVAX follow up
Posted by matt on 25th of Jun 2020 at 10:16 am
DVAX - Chart Link - nice trade on DVAX, again I view it as a trade not a swing.