Good points! I think I need to learn the good habit and get rid of the "bad" ones! Thanks much!
KLang
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:)
huntingsniper
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OM! Your target got hit! The drop on April 30, right after the earning, was alluring to me, but your post served as a guide so I didn't buy long. Great call! Is it time to go long now?
KLang
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Yes - I saw that today. I was kinda surprised to tell you the truth, but sometimes chart patterns work. I would not try long on this. Just because a target has been met, doesn't mean it can't continue down. Look at my old FB and BIDU charts. I called those weeks before they hit target. They bounced a little, then found NEW lows. I don't like to go long badly damaged charts until the show some kind of patter or base or show their hand in some way. I know many people do, they like to nail a bottom, but I think it's pretty risky.