Shaking The Coconut Tree – November 1, 2011

[Billy]

hi Billy,
What is your advise if the opening price of the IWM may be below 71.00, as it is now ... is it still a buy? Thx.
sorensen

Sorensen,

I bought TNA at the open. With such a pro-active trading plan, the lower the entry, the better and you forget about the news, it is there to help you buy cheap.

When I enter below my initial stop, I always take the most logical nearby floor level as a tight stop if broken. In this case my initial stop is MPP (70.36). I have now trailed it to YPP (71.84).
Billy


Billy