This Is Why You Should Be Persistent
If you made a decision
based on the daily chart of Travelzoo (TZOO), you would buy the stock as soon as
it broke out of a triangle. But if you were an intraday trader, you
could have whipsawed out of the stock more than twice before catching a big
wave. Taking a small loss can be irritating sometimes, but it is a part of
trading life.
09:37:06
(From TradingMarkets TradersWire)
Â
Travelzoo (TZOO) is breaking out of a triangle on the daily chart. TZOO
is up 2.33 at 46.35.
As you can see, the stock exploded out of a triangle on the daily chart and
provided an excellent buy entry. But intraday traders could have suffered from
small losses because of the stock’s whipsaw movements. Nevertheless we had a
happy ending. TZOO gave us another breakout entry opportunity shortly before 11
A.M..Â
Don’t make small losses upset you too much. Your patience will be rewarded.
If you have questions, feel free to mail them to me. I will try to answer as
quickly as I can.