Bank of America Corp (BAC)

[YazM]

I normally do not hold anything longer than 30 minutes. On the occasion I will hold overnight if I scoop shares in AH though. As for my intraday trading, if a trade goes bad after I short or buy, I normally get out and take my loss after .03 separation from entry point. Being that I play the channel I do not short or buy in between a channel as there is not enough room to ensure a profitable trade so I wait until it's at the top of the channel to short and/or bottom of the channel to buy. My losses only come from a greater deviation of .02 so the moment it breaks the channel and it ticks down or above .01 after the .02 movement from the channel I will get out and take my loss as that becomes an unknown trade and probability becomes greater of a larger loss.

I do want to mention that the manipulation in a single day does not change the trend; however, enough days of manipulation can change the emotions of the investors. With that said and what I strive to tell everyone that I teach, emotions are stronger than charts. Anyone who disagrees is hung up in the weeds with their position and normally ends up with a loss whether they are shorting or holding. Never solely depend on a chart. Technical analysis is the base line for opportunity but emotions run the game that is why I find channel trading the most secure technique. You just need the focus time and capital in order to take full advantage of it.