The Reality Of Taking Profits
Just because a trade with edge
moves in your favor–doesn’t mean that it adds to the bottom line.
When we enter into different stocks, realistically we have to be willing to
accept different levels of position risk based on a stock’s price, volatility,
and volume characteristics.
11:58:04
Intraday Setup Alert
Ryland (RYL)
is forming a potential
1,2,3 intraday low, as it tests prior daily chart pivot lows and the 38%
Fibonacci retracement level from the January lows. RYL is off 3.28 at 85.22.
While this one worked out on paper…it didn’t ‘build’ into something sturdy
enough to really make the grade in my most humble opinion.
Chris Tyler