Don’t Quit On It
There are different ways to approach daytrades, and if you miss one entry
there is often another just around the corner. A good illustration of this took
place in the Biotech Holders ETF
(
BBH |
Quote |
Chart |
News |
PowerRating). Last night it showed up on the
Nightly Daytraders Report. Some traders would keep this stock on their radar and
enter when it traded under yesterday’s low, which it did soon after the open.
However, even if you are not honing in on the BBH, another
opportunity comes around soon after.
09:57:55
Intraday Setup Alert
The Biotech Holders ETF (BBH)
is beginning to stage a counter trend rally off the intraday low. BBH is
down 1.30 to 69.50.
When the stock fails out of the rally, the trader can now
pounce.
Different traders will manage this trade differently, but the
potential to profit comes and goes throughout the day. Stay with a weak stock on
a weak market day, and you will find good setups even if you missed the original
signal.
Until tomorrow,