this lens. Mark Minervini pointed out a sharp drop in the number of stocks trading above their 50-day moving averages. This is another good way to define the breadth of the indexes’ advance. Also, Wednesday’s Big Picture examines this
issue. Hope this helps! Hatman Dave — https://research.investors.com/markettrend.aspx and https://www.investors.com/category/market-trend/the-big-picture/
the Q&A, etc.
that forms the shape of a handle, and volume drys up, that could improve the prospects of a true breakout to new highs. https://www.investors.com/how-to-invest/investors-corner/the-basics-spot-traits-of-proper-handles-on-cup-patterns/
your entry was off. Either way, it’s always better to limit your losses and buy the stock back if it sets up again. Also remember that 7-8% is the max loss, not the average. We are often scaling out/trimming our positions ahead of that
9/4/20 (right after 4/1 split), shares peaked at 12.2% above 10wk mvg. avg before the stock had a pretty significant pullback over ensuing 3 weeks — buyer’s/owners AAPL beware imho
let your losses get out of hand — sell at a maximum loss of 7-8%, don’t let a double-digit gain turn into a loss, take profits into strength, etc.
would impact your position
want to fully exit the trade if we have a big profit cushion on this one.
a level that we start seeing stocks pull back — although some story stocks and meme stocks can go much higher than that before coming back down to earth
yet. Hopefully we can see a handle form here. Would keep it on the watch list!
the Nasdaq starting to pull back
for me as it has been my best performer by far and I’m thinking I should have just left it alone. Like David Ryan said, just let it go!
to address the bots on swing trader. Thanks!