Just following LTC run up on the fifteen minute chart, watch for higher highs and higher lows. This is my first time using a stop loss and I'm going to keep moving it up as we go to lock in my profits.
Comment:
I unfortunately got stopped out. I shouldn't have had my stop so tight, I was not anticipating a move of this magnitude. I also made the mistake of buying back in at 208 instead of being patient and waiting to see what would happen. The higher high, higher low pattern is still in place and could possibly keep going. The last leg was very fast and long so I'm thinking it might have been a blow off top. Only time will tell.