I've lost quite a few large reversals, but I've had good success with plays like this one.
Instead of buying a loser hoping it'll turn around, I'm buying a winner that pulled back.
Great trend here pulled back a few days. When it started up again, I jumped on.
I'm not sure of the target. I'm hoping it'll put in a little pivot or somewhere to move up my stop loss. For now i'll play it by ear. If it want to go higher for a week I'll try to ride it up.
It's too late to buy this now. Wait for another pullback or consolidation. Maybe good to watch though.
Instead of buying a loser hoping it'll turn around, I'm buying a winner that pulled back.
Great trend here pulled back a few days. When it started up again, I jumped on.
I'm not sure of the target. I'm hoping it'll put in a little pivot or somewhere to move up my stop loss. For now i'll play it by ear. If it want to go higher for a week I'll try to ride it up.
It's too late to buy this now. Wait for another pullback or consolidation. Maybe good to watch though.