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
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
Hi Billy,
Today's thread helps fill the lacuna in my knowledge regarding pivot trading. A terrific help. Thanks.
Last edited by nickola.pazderic; 11-01-2011 at 10:02 AM.
Sorensen,Originally Posted by sesorensen
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
Hi Billy,
Wondered exactly if it was still a buy if below your initial stop. But I see the obvious now. And thanks for good trading guidance next time a similar pattern/setup occurs.
sorensen
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