it might be tempting to buy within VCP ... but is it still so when you look at what happened to VGR?
Once you have been caught in a move like that ... you learn very fast :)
ALWAYS apply risk management where size of your position is in line with your risk apetite!
the left hand side looks a bit choppy but you can see a nice price contraction together with volume lower than average. In good market conditions - this would be a good candidate for long entry provided it would clear the 17.40 level.
Contextual immersion trading strategy idea.
Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States.
The demand for shares of the company still looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $10,52;