Troubleshoot Me
Ok, typing this for a second time after ihub loaded an ad and wiped out my post...on my phone so no chart.
Pull up VXX Chart for 4/3/18, 2 Day 5 Min
At 2:21PM EST, I bought 3 April 6 $55 Calls @ $.64.
Reasons why:
1.) SAR Flipped
2.) CCI(20) spiking
3.) CTM Spiking
4.) Confirmation: ADX(14) crossed positive
At approx 2:45PM EST, I went from being up around $23 (based on Ask price less sell commissions) to down over 40%. In hindsight, I see that the indicators all began dropping and ADX(14) crossed negative, but it all happened fast.
Would you have bought then or waited? Why (without cheating and looking into the future)? When would you have sold and what would have been your primary reason for doing so other than "the price was dropping"?
Maybe this will help us all (me especially!) improve our buy and sell timing by comparing how we are each reading and interpreting our charts.
P.S.
Unrelated but my girlfriend just got out of bed sleepwalking while I was typing this and scared the everliving bejesus out of me............
Goodnight all and best of luck to us tomorrow!
Disclaimer: Please do not follow me into any trades without verifying their potential for yourself. While I often feel like I have a good handle on things, my track record says differently.....
