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We focus on trading strategies that have historically given traders a significant edge when it comes to investing in the stock market. We have worked under and have been trained by some of the top investors of the past 25 years including WILLIAM O’NEIL(bestselling author and founder of... More
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  • VIT Trade- Quick 10-13% move but we closed too soon. Could we have caught a 20% move? 0 comments
    Feb 25, 2010 1:51 PM | about stocks: VIT

    VIT- We took some nice profits on this one but we missed the 7.6% pop. Ouch! Our thought process was the following. We saw a nice high probability entry point and it triggerred on Feb 8. The stock ran 13% and then pulled back near the 50 day moving average in a somewhat questionable market. The combination of a big move over a short period of time into resistance and a weak or at very best indecisive market told us to lock in profits and look to re-enter down the road. We closed out the trade on Feb 22 when it was still up 10%. Moral to ths story, You can't catch every move and there will always be another big trade just around the corner. The market is getting slammed today like we thought it might and this stock could have tanked as well.Normally we would have sold 1/2 and trailed a stop but the market was looking so toppy  Looking at this risk reward sceanrio of this situation we would manage the trade the same way.

    VIT

     

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    Better Stock Entries
    Global Chart Analysis

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    Disclosure: no positions
    Stocks: VIT
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