des44
Well-known member
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HOT is a trade that I am currently in, but expect to exit very soon.
I entered on October 27th just above the previous day's high. It was a weak entry, IMHO, due to the highs made in the first week of October. For the life of me I cannot explain why I didn't have my trap set above this point with an entry on November 3rd when it broke out. This is an amateur mistake that I will not allow happen again--thus the reason I have divulged my error on a public forum. This keeps me humble.
The idea is to always think twice and buy once. Nonetheless, this HOT has worked out for me as you can see.
A = Entry (weak)
B = Stop (smothering tight)
The black candlestick along with the longggg run on the upper Bollinger Band AND (especially) the significant decrease in volume has made me tighten my stop to the stage of almost guaranteeing an exit.
By tomorrow (if I exit HOT) I will have a realized profit of no less than $6.60 per share.
d-
I entered on October 27th just above the previous day's high. It was a weak entry, IMHO, due to the highs made in the first week of October. For the life of me I cannot explain why I didn't have my trap set above this point with an entry on November 3rd when it broke out. This is an amateur mistake that I will not allow happen again--thus the reason I have divulged my error on a public forum. This keeps me humble.
The idea is to always think twice and buy once. Nonetheless, this HOT has worked out for me as you can see.
A = Entry (weak)
B = Stop (smothering tight)
The black candlestick along with the longggg run on the upper Bollinger Band AND (especially) the significant decrease in volume has made me tighten my stop to the stage of almost guaranteeing an exit.
By tomorrow (if I exit HOT) I will have a realized profit of no less than $6.60 per share.
d-
