Received 2 Karmas
Rollingball
1
Rollingball Apr 27, 16 11:58 AM

as TBohen said in his video "Don't trade unless you can sit down and do it right"

Rollingball
Rollingball Apr 27, 16 11:59 AM

meaning keep your focus on your trade.

thederektaylor
thederektaylor Apr 27, 16 2:07 PM

Hey there. Sorry about your rough day. A couple thoughts from my experience. When you bought PRGO at 102, it was hitting 3 year lows. Your nearest support was from Jan 2013, which is too far away to be relevant now. You also had severe overhead resistance with bitter bagholders who chased through 200. They've lost roughly 100% over the past year and were desperate to sell into the bounce you bought. Also expensive stocks like these are filled with sharks (algorithmic machines) that make it diffi

thederektaylor
1
thederektaylor Apr 27, 16 2:08 PM

...difficult to trade an edge. Your idea may have been profitable if, say, a $10 runner was hitting 52 wk highs and you bought the breakout with risk on 9.90. Start with the big picture before nuancing your entry intraday. Hope that helps!

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