Prospectus's Post
Looking at LEH 5 min upside break of $71
22 Replies:
Looks like a rounding botom
Maybe not
Almost bought that breakout of $71, but didn't like the tape--too slow. Watching this retrace
Bought that pop, in at $70.95, stop at $70.69
playing that rounded bottom on LEH?
Yep. My target is the pivot point at 71.75, though the PP at 71.20 is giving it trouble right now
Good, volume uptick over the prior candle! Good sign.
Gah! Big red candle! Bad sign!
Still in an uptrend on the 1 min, so I'm still holding. Hasn't retraced below my entry yet...
There was just some crazy tick for -650 shares at 70.75? WTF?
This pullback has been on declining volume, so it tells me to hold, even though my emotions say "bail".
This is pissing me off. Move!
Not that way!
Still consolidating under $71.20, needs more time to break out more I guess, but it made a lower swing high on the 1 min, which scares me.
I hate when i catch myself trying to encourage my stocks to move.
Yep, bad form. Almost stopped out...
This decline sems like stop fishing to me, though. Hope I'm right
Nope. Stopped out, filled at $70.91 for -0.33R, and that's the end of my trading for the day.
stick to your trade plan. better to wrong a little than wrong a lot.
Absolutely! It's fine to be wrong small! That's what lets you win over the long term. I'm very happy that I limited the loss to what I did. Too bad I didn't trade LRCX with Johnson, though ;) When I get propped, I'll be able to choose more than one setup if it shows itself.
yea. kinda hard to be limited to only a 1-2 trades per day. You really need to be 100% sure this is the trade you want. Market, sector and stock should all be confirming for you to take the trade.
You're telling me!
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