Perhaps after a few wins in GPRO consecutively, GPRO gave me a overconfident knock on my head two days consecutively :-)
I long it @76.99, price did break out and formed a DOJI three trading days ago, but the following day a big down bar swiftly offset the DOJI, when the DOJI at 82.08 was crossed, i took half of my little profit at 81.99, anticipating the next day price would break back UP.
Instead price GAPPED down yesterday and i exited my remaining half in LOSSES at 73.97 when that bullish engulfing that i went long got VIOLATED!
Let's see whether it is in triangle pattern or conforming to red downtrend channel
I hope you are not caught in this
Comments
lmsmith
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Good risk management, once again I watched.... GPRO has crazy intraday price action, which i can't trade because it easily wipes out my stops. and since I can never short it (scottrade never have shares) I just don't trade.
jangseohee
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How bout options? Perhaps you would like to consider another broker?