I just "bought" AG at $69.80 when it broke out of the "flag" to the upside. The low volume makes me suspicious, but we'll see how it goes.
UPDATE:
This one worked. However, truth be told, I had my "paper stop" at $69.50, so I would have been stopped out. The stock dropped to $69, or .80 below my entry. That's too much. Perhaps I need to work on my entries.
These are the situations that I still really suck at handling. The first entry stops you out for $.30, but then you can get back in a little later for a $2.00 gain. For some reason, I can rarely make myself get back in. I guess I need time to grieve, or something.
ReplyDeleteI figure you need to wait for stocks to "digest their gains", or as some traders say, to let their moving averages catch up with the price.
ReplyDeleteThanks guys. Richard, yeah, it was really frustrating. I didn't get back in because I didn't want to "churn" even though I was papertrading...
ReplyDeleteWin, I think you're correct in that I jumped the gun a little.
-DT