This is one of the stocks that a good friend of mine likes and has continually been cost averaging it . I decided for a bit of fun I would play it with him, but using my technical approach , most of the stocks that I typically buy these days are things making new highs but I have decided that I will trade a small handful of his picks on the side but to only do so with my own risk management/entry style .
Note: that the chart is incorrect , it changed today and is missing yesterdays price action , this morning it showed yesterdays ignition candle which is missing now for some reason , basically there was no gap up like is shown here ... I almost did not post this one due to that but decided to anyways and just explain that part , hopefully its not too confusing . EXROF , shows the correct price action , that's the OTC US currency version .
One thing about my friend I have observed us that he is very emotionally disconnected from the market and this allows him to easily hold through downdraws and stay focused on his own opinion and most of his ideas are based on a story, he is not a technical trader . I personally have no stomach for sitting though downtrends but really respect his trading style and have watched him have some pretty incredible years . So , to each his own trading style.
I liked the sign of real buying volume for the first time in quite a while after the tight consolidation and the potential ignition candle/50 sma takeback we had yesterday. I also liked the buy that showed up near the close on level 2 last night , there was one order on there for 92k at close that stood out yesterday and some other additional volume surges through the day , which is substantial for EXRO, it was also defined on the charts volume too .
I should have entered this yesterday, at the close, but, I actually forgot my worksite laptop I usually bring in with me so I got long on open today , kind of paid a premium for that it turned out ....
Long at 1.71
Stop Vs Low of Apr 4 th
De-risk at 2R ( 2.43 )
Note: that the chart is incorrect , it changed today and is missing yesterdays price action , this morning it showed yesterdays ignition candle which is missing now for some reason , basically there was no gap up like is shown here ... I almost did not post this one due to that but decided to anyways and just explain that part , hopefully its not too confusing . EXROF , shows the correct price action , that's the OTC US currency version .
One thing about my friend I have observed us that he is very emotionally disconnected from the market and this allows him to easily hold through downdraws and stay focused on his own opinion and most of his ideas are based on a story, he is not a technical trader . I personally have no stomach for sitting though downtrends but really respect his trading style and have watched him have some pretty incredible years . So , to each his own trading style.
I liked the sign of real buying volume for the first time in quite a while after the tight consolidation and the potential ignition candle/50 sma takeback we had yesterday. I also liked the buy that showed up near the close on level 2 last night , there was one order on there for 92k at close that stood out yesterday and some other additional volume surges through the day , which is substantial for EXRO, it was also defined on the charts volume too .
I should have entered this yesterday, at the close, but, I actually forgot my worksite laptop I usually bring in with me so I got long on open today , kind of paid a premium for that it turned out ....
Long at 1.71
Stop Vs Low of Apr 4 th
De-risk at 2R ( 2.43 )
Trade closed: stop reached
艾力克~