Thank you very much Luke. Not yet. We have a very large gain in DDD. It is currently on FULL SELL WATCH but until it sells off again below the 50 dma on very heavy volume or cuts through the 200 day moving average it is going to be a hold. I don’t want to exit too early. I would rather give up some current gains than have another FLT on my hands. Or…should I say off my hands now that I no longer have a position.
Congrats on the big week. VIPS was explosive. For DDD, failed retest of declining 50 day moving average doesn’t concern you?
I am not sure how I missed this. If it gaps up, it is still a buy. 1% position now. I have no idea how I missed this. None. MarketSmith says 3/3 so this is a mistake on my part. So yes but only on a gap up. If it gaps lower, the trade is off. Thanks Jody!!! Way to be on top of this!!
JKS is a buy with earnings coming out Monday?
Got it. I’ll let it run and will keep an eye on these trailing stops. Thanks!
I thought about it but the pattern doesn’t catch my eye like the other 8 new positions tonight as the intraday range is insane on AER today. Nothing is perfect out there, sadly. But so many to choose from I just can’t pick this one.
Thank you very much for the kind comments Ulrich. ARWR hurts each day I watch it run but it does make me feel better each time I find out someone is long that stock from those dates. Very happy for you and glad to hear. I would continue to use that ATR/20 DMA/50 DMA as future profit taking areas. Now that you got some on a climatic type move, it is time to let it run and let the trailing stops work. Aloha Ulrich.
Passing on AER josh?
I actually entered ARWR on 9/10 at 4.90, after the expansion on 9/9.
I am very thankful for your post today. Your regret on not taking this trade is really helping me, because I have been riding this gain until now and must admit, I have gotten quite nervous recently on how to handle the stock as it went parabolic. The 20DMA is 25% away and an ATR stop is still 20% away. I believe taking some off after this long run, which I will gladly do on today’s open, will ease the tension a bit.
Thank you very much for your insights. The learning experience is great and I get much more out of your service than mere entry and exit signals. Keep up the good work!
Thank you so much my good man. Much appreciated. Aloha.
Nice work … First time that I come across this web site. Nice to see similar thinking ….
You are very welcome. My sincerest apology on the delayed response. I will be finished with my Maui project on Feb. 14th. Thank you for being so very kind and patient. Aloha BWall.
I greatly appreciate the comments.
It doesn’t normally matter with me. In my rule book a violation is a violation and a gap up might be a gift sell. That being said if the stock ends the day strong I will stick with it and might put back on the entire position or some of it. It depends on the market. With MONT I should have just left it alone as we are under some real deal pressure in this market.
How I look at it…over 1000+ trades the premarket pops and drops will course correct and become meaningless as the number of trades you make grow. Unless of course there is an extraordinary event.
I know anyone serious in trading has their sell rules down and sticks to them. However, with the pop in MONT, did that change your sell consideration or did you keep to cutting it in the premarket? I’ve rarely strayed from sell rules – funny how it always burns you when you do – but how do you handle overnight reversals/engulfing etc.?
Thank you for the comment Luke! Spread the good word!
Your end of the day summaries have become a routine part of my evening reading. Appreciate the coaching!
Hey David -
You are all set. If you have further questions or need assistance please email sales @ bigwavetrading dot com
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