AI
Saturday, March 01, 2014 10:04:54 AM
Im putting up a picture illustrating my thoughts about it. Keep in mind the 13ema works best with parabolic breakout (phase 3 - after the short consolidation period - you can see the picture on our board )
You Bought on a "false" brakeout - i usually do stuff like that too.. remember sometimes is better to wait to close over the previous resistance because the intra-day move can easily pull back and then you are in pretty bad position - like right now :D
Example PLUG yesterday was a good buy the last 10 mins...
- BLDP - i was hitting the buy button the day it broke the previous resistance - then i decided i have a more promising stock to buy and i got f***ed... now BLDP is 1 $ over the previous resistance wouldve been an awesome trade anyway.
You Bought on a "false" brakeout - i usually do stuff like that too.. remember sometimes is better to wait to close over the previous resistance because the intra-day move can easily pull back and then you are in pretty bad position - like right now :D
Example PLUG yesterday was a good buy the last 10 mins...
- BLDP - i was hitting the buy button the day it broke the previous resistance - then i decided i have a more promising stock to buy and i got f***ed... now BLDP is 1 $ over the previous resistance wouldve been an awesome trade anyway.
Whatever what we breathe we are still made of greed
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