AL_

kroyrunner: patience comes from the setup being one that you know and trust and are willing to overstay and lose on because you know the potential.

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AL_

Going long at trend reversal after a downtrend, Mark Croock suggests exiting at (or just before) touching VWAP. Per the photo, SAVA rejects at VWAP.

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AL_

SAVA technicals considered: -Already down more than a dollar intraday -Charted my own lines (using Fred McAllen's approach) - downtrends require the line to be on top of the candlesticks, touching at least 3 points. One of my lines was the legit line, the other (the less steep line was more of a safety line to confirm there was a decent breakthrough above the trend I drew). The cross above these lines indicates a trend reversal. -No one really talks much about the MACD indicator, but it's helped me a ton with my trading (the more indicators considered and in your favor, the better). When the white line crosses above the red line, there is more buyer interest than seller interest. The buyer interest crossed over right around when the candlesticks crossed over my McAllen lines. -Where there would normally be a pullback, the uptrend continues (I would consider this to be higher lows)

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AL_

Stock consolidating? Don't jump in during the consolidation. Wait for the trend to prove itself whether it breaks above or below consolidation.

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AL_

I'm a coward on the way up, and an optimist on the way down. Going to work on being an optimist on the way up, and a coward on the way down.

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