Holy shit, I had bought the consolidation a few times on this Gapper on earnings, but was stopped out. Finally it started to make its move, and I had to go for dinner with a friend. I don't hold my stock overnight especially with the market being at a tipping point.
I know that I am playing the right names and didn't really rely on the chat room.
Execution detail:
Ouch!! Left a lot of money on the table.
Good job on the re-entry, i'm really working on selling in partials in order to catch those big runs.
i like this! ur in the right stocks...ur looking at the right type of things. stocks with inddependent order flow of the market with earnings. big ranges.
so remember the morning is about price discovery so it gets wild..then the middle of the day u rest and consolidate then its later on that u really get movement.
so often im finding a lunchtime u can get a quick pop off support zone but its hit or miss 50/50 but the risk is low. later in the day u get the ramp.
see ur 2nd buy was still lunch time.. u can still add there but the purpose when u add it during lunch is to hodl for the real move later in the day..so u either add some during lunch then more later in the day and go for the real move or u just wait till the end of the day move.
this stock was moving very methodically and steady too. those stocks u must hold.. best ones to get rid of early are the ones that are acting haphazard..but a smooth mover like this needs to be loved and carressed. treat it like u would ur penis.
Thats great, thanks alot Kunal. I have been doing some stalking and working on adding here and there. Yes I need to get my timing down, and how the market breathsles during the day.
Cheers
Haha, beauty, some get more attention than others!
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yeah you had it.. it never broke support.