This Is Why You Should Watch The Time Of Day
It is not humanly
possible to trade all day long without taking a rest. As you know,
some traders lock in profits just before their lunch break. Needless to say,
it’s bad for your stomach if you are worrying about your opening positions.Â
11:46:56 (From TradersWire)
Action | Symbol | Order Type | Setup | Stop | Current Price |
Sell | CTXS | Market | negative stochastic divergence  |
25.57 | 25.47 |
Shortly before lunch time, I noticed Citrix
Systems (CTXS) hit the high of the day. But, the stochastic was negatively
diverging. There were also two candlesticks suggested the stock might be forming
a top. Look at the 15-minute chart. You can observe the negative divergence of
the stochastic. The stock also formed two consecutive bearish tails.
12:08:55
Follow up on CTXS
(11:46)
Cover half of your position to lock in a 12-cent profit. Move stop to breakeven.
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Have a nice afternoon session.
If you have questions, feel free to mail them to me.