The 10% trailing stop kicked in at exactly the same price I bought this at, causing me a slight loss of the $10 in broker fees.
This was my first attempt at trading after a gap (and a pretty large
gap, at that) and I think I probably misread it in several ways.
First I think the ADX and MACD values were probably strongly skewed by
the huge overnight jump. Also, it appears it’s pretty common, in fact
pretty much expected, for a sell-off to happen shortly after a gap up –
so this should have been expected.
Shadoglare > Trade Notes
Member since: Apr 08 
Favorite Links |
Shadoglare: Trade Notes
CommentsFollow comments
The above content is provided for educational and informational purposes only, does not constitute a
recommendation to enter in any of the securities transactions or to engage in any of the investment
strategies presented in such content, and does not represent the opinions of TradeKing or its employees.
TradeKing provides self-directed investors with discount brokerage services, and does not make
recommendations or offer investment advice. You alone are responsible for evaluating the merits and risks
associated with the use of our systems, services or products. All investments involve risk, losses may
exceed the principal invested, and the past performance of a security, industry, sector, market, or
financial product does not guarantee future results or returns. Your use of the TradeKing Trader Network is
conditioned to your acceptance of all TradeKing
Disclosures and
of the
TradeKing Trader Network Terms of Service. 2007-2009 TradeKing.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||