Trading Your Edge Consistently
A great part of consistent,
successful trading is being able to take
the high-probability entry more than once, if it presents itself. Just as
important though, realize that if it doesn’t work out this time around, that the
odds over the long-haul are still in your favor, by sticking to your game with a
thick skin.
11:32:28
Intraday Setup Alert
No ‘leaping’ yet, but maybe the frog can turn
into a prince….Leapfrog (LF)
has retested daily pivot lows, and a 62% retracement level to form a
potential daily double bottom. The issue is setting itself up as a potential
1,2,3 bottom if a 3 point pivot low can be established below 27.03. Current
trade has the issue consolidating, and off by 3.17 at 27.20.
12:22:29
Intraday Update Alert
Leapfrog (LF)
is setting itself up as a potential
1,2,3 equal low bottom, after a failed ‘higher low’ attempt. LF is
off by 3.70 at 26.70, with current triggers above 26.80.
Personally, just like in baseball–I like to call
it ‘three strikes and you’re out.’ If a stock hasn’t done it for me by then,
there’s always plenty of other opportunities to hop on during each and every
trading day.