Just a short note: I was feeling sick today, so I traded in demo mode, and only for part of the day. The sad part is, had I traded my real account, this would have been a good day. In fact, in terms of my goal of holding onto stocks, it would have been just about a perfect day. Go figure…
As I expected, I got some follow through on Qwest Communications (NYSE: Q) today, just buying at the open and holding till I stopped trading. I also went long on Hansen Natural Corp. (Nasdaq: HANS) at the break of its opening range @ 45.50, and held until 46.50. See how clearly it set up under 45.50 on the 15 minute chart before pushing through (sorry, no sloppy annotations today)?
… the only thing I didn’t like was how wide those three candles were… a lot of times, since I’ll use such a tight stop on entry, I get shaken out of these trades. But in this case, it tapped 45.50 again around 12:30 and then didn’t look back for a couple hours.
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| Q |  |  |  |
| HANS | | | |