With this weekly chart I am demonstrating current support levels as well as giving recommendations based on my own trading plans as to how to protect yourself before a new up move is confirmed, while still awarding yourself the chance to begin building a position. Simple risk management strategies are the core focus at winningstockcoach.com
Comments
play4trade
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Wait for 39 before taking a long position... this is distribution, IMHO
coachmike
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One thing I stress to my members is the proper use of an options strategy to essentially completely negate any risk. And we use those strategies on every longer term trade we make.
coachmike
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Plus... after taking it from $29.50 to $81.47 we are playing with free money really. But I do agree, up until 2 weeks ago my target for it was $38.60.
play4trade
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It's heading to the leg start.
play4trade
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This is not the time to go long...
play4trade
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Yeah, this is not a long right now man... not the time...