Here’s One Way You Can Get Better Intraday Entries
Pullbacks on strong stocks are
usually a good place to look for setups each day. While novice traders typically try and
chase stocks on the open, the more seasoned trader will wait and look for a
lower-risk entry. This morning we posted this setup in TradersWire:
10:33:38
Intraday
Setup Alert
Expedia Inc. (EXPE)
is pulling back from
its intraday highs. The
stock is a member of TM’s Momentum
List, and is up 1.43 at 71.64.
The rally from the pullback
went on to challenge the intraday high within 1/2 hour. By waiting, you’re
usually able to buy a stock with obvious demand behind it at a lower
price.Â
See you tomorrow,
Brice