I Think We Can All Agree On This
It seemed like a good
idea for a trade with edge, but even the best ideas require the use
of stop loss management just in case the market has other things in mind.
12:10:52
Resistance Zone Alert
The semiconductor HOLDRs (SMH)
are testing daily resistance in the form of the 200-Day EMA, and the 1.25
Volatility Band. The SMH is up .74 at 37.99.
Maybe you took the short entry off the hangman
top, accompanied by the inside bar….
….or maybe you didn’t see the trade coming together, and you decided to sit
tight. One thing’s for sure–using a protective stop is something we can all
agree upon.