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Re: billmick11 post# 3260

Thursday, 09/22/2016 12:07:36 PM

Thursday, September 22, 2016 12:07:36 PM

Post# of 11444
Before I drive you crazy....lol.....I will just mention I am not a fan of gaps at this level of a chart as they most often fill within a few days. I don't like how it weakens the overall new foundation. Manipulation is easier as well. I far prefer news during the trading day as it eliminates these type of gaps.
Thus for my style and goals, I would sell the trade portion for gains at first sign of weakness. If I were wrong, I could still add on a b/o of resistance or sell price and be close to net even for the shares sold and rebought, while maintaining the cost basis on those shares. Not expecting a major news event, I would have high confidence price would not run away from me.
Just a couple more opinionated thoughts to mull around.
Thanks again.....Be Green
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