An Important Lesson
I have lots of
opinions–but I seriously try not to let that influence a solid setup when I
see it happening. When it comes to trading high-probability trades
that are present in the here and now–the easiest, and quite often the most
profitable thing one can do is leave the ego at the door.
11:24:53
Intraday Setup Alert
Research in Motion (RIMM)
is up 1.54 at 87.66. Leaving personal thoughts at the door, the issue
continues to demonstrate relative strength in today’s session as it looks to
reverse its recent pullback from 52-Week Highs. The stock is forming an
ascending
triangle as it approaches daily pivots of 88, within the multiday pullback.
Triggers thru today’s pattern might be considered on a move above session highs
of 87.82.
It definitely wasn’t ‘easy’ for me to put this
one up, but instead of letting RIMM do a job on you by trying to call the top,
maybe it’s better to play the game like it’s meant to be played…at least while
it’s obviously still in motion.
Chris Tyler