DAILY
30MIN
1 MIN
WHAT I DID WRONG:
- HPQ is close to long term daily support and bounced
- NEED TO GET OUT when stock CONSOLIDATED beneath downtrend line and broke higher!!!
- AGAIN, CONSOLIDATION, BREAKING TRENDLINE, GET OUT OR GET LONG
- STOP SHOULD HAVE BEEN ADJUSTED TO 5 CENTS NOT 16 CENTS.
- STOCK NEEDS FURTHER CONSOLIDATION AT THIS LONGER TERM LEVEL, WHY DID YOU SIMPLY SHORT ON A SIMPLE RETRACE??? LET IT CONSOLIDATE, SHOWING SIGNS OF WEAKNESS THEN SHORT.
WHAT I DID RIGHT:
- USED SMALLER SIZE TO PROTECT PROFIT EARNED IN THE MORNING
- DIDN'T ADD TO POSITION since it didn't go in my way.
IMPORTANT TO NOTE:
- HPQ and many other stocks have buy the new low programs, NEVER RUSH IN SHORTING AND ALWAYS WAIT FOR RETRACE AND SHORT ON FAILURE OF RETRACE. MUCH BETTER RISK CONTROL.
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