E-Trade Saw one of my favorite patterns, showing slight signs of red but not strong enough to hold, covering the small loss, going to play a better short. This one is going to crack just have to wait it out.
Broker:ETrade
-$376 Loss
SPNCShort Stock
-$338 Loss
SPNCShort Stock
-$162 Loss
SPNCShort Stock
$82 Profit
SPNCShort Stock
-$127 Loss
SPNCShort Stock
$68 Profit
SPNCLong Stock
Level 4: uptrend wave 3 Level 3: uptrend wave 4-5 Level 2: consolidation wave c. rectangle consolidation after the reversal breakout. Stop: 14.18 target: 17.00 risk/reward: 1:2 Short float: 16.72% Stopped out at 14.19 only to watch it spring back up. This may still be a good trade. Was expecting the market to go to a level 2 uptrend. The rally never happened.
Risk/reward: 2/5 Mistimed the market. Could've gone for a better price. Other than that, a good trade.
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Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
