russthebearFeb 19, 16 9:13 AM
@TimothySykes where is multi month support at 530? I see stronger support at 5 but that it's currently breaking out...
$259 Profit
MITKLong Stock
Entry comments: I used my larger account to dip buy this former earnings winner, tons of multi-month support at 5.30ish, wanted more of a morning panic but this looks as good as it gets, goal is to make 20-40 cents/share not he bounce, not that volatile of a stock so I won't be greedy
Exit comments: Got a little bounce but the stock can't go green even though the overall market is bouncing big, that's a bad sign, better choices for morning spikes were FSAM and GRPN, I chose the laggard, it happens, I'll outline it more in a video lesson later today
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Broker:Interactive Brokers
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| Date | Price | |
|---|---|---|
| Entry | 2/19/2016 | 5.35 |
| Exit | 2/19/2016 | 5.42 |
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timothysykesFeb 19, 16 9:50 AM
@russthebear November 2015 triple top
russthebearFeb 19, 16 9:56 AM
How do you differentiate the strength of a triple top where the tops are day to day rather than week to week or month to month?
timothysykesFeb 19, 16 9:58 AM
@russthebear you try trading it over and over and over and adjusting each time
