there was nothing wrong with FTK the movement just noise.
Heck here's my 60 min chart with the stops, yesterday my stop
was the 2.7 higher low, and today stop can be moved up to the next
higher low 2.76
not sure how quantitative it is, but FTK is an example of a
whippy stock with lots of tails. They have a character prior
to their breakout. When I see that I know it needs the full
coil width for a stop, even if that forces me to trade less shares
(ie. less shares, bigger stop range) This has helped me
immensely. Good luck to all and Matt and Steve have been
killing it lately so big thanks.
FTK coming back alive!!
Posted by lamb on 14th of Oct 2020 at 03:02 pm
FTK coming back alive!!
there was nothing wrong with
Posted by matt on 14th of Oct 2020 at 03:16 pm
there was nothing wrong with FTK the movement just noise. Heck here's my 60 min chart with the stops, yesterday my stop was the 2.7 higher low, and today stop can be moved up to the next higher low 2.76
not sure how quantitative it
Posted by erikvik on 14th of Oct 2020 at 05:07 pm
not sure how quantitative it is, but FTK is an example of a whippy stock with lots of tails. They have a character prior to their breakout. When I see that I know it needs the full coil width for a stop, even if that forces me to trade less shares (ie. less shares, bigger stop range) This has helped me immensely. Good luck to all and Matt and Steve have been killing it lately so big thanks.
Well stated erik
Posted by steve on 14th of Oct 2020 at 06:18 pm
Well stated erik
Thanks. Matt I’ll move up
Posted by lamb on 14th of Oct 2020 at 03:33 pm
Thanks. Matt I’ll move up my stop