.04 away from getting stopped out at 16.55....if NOK hits my stop be prepared to go long cause thats gonna be the absolute bottom :eek: oh well....next!
Last Thursday's open was not as expected for a T+3 confirm. I would have liked a gap down to at or bellow last 3 day's lows and close near Wednesday''s close or better. It may still attempt the vacuum gap fill, but it would also need overall sector mkt help. Stops remain as stated earlier..... imo, Thur's behavior did not warrant adding to initial partial position. ART, thanks for the heads up.
The loss. (sold at 16.36 today -.92*500shares=-460). To answer your question. Yes the loss became larger after I added. But the loss was still < my max risk on every trade of $500 (1%) so it`s just another trade in my log. Sometimes when you fade a move it works out great..sometimes you are quickly proven wrong. Ho hum yours humbled, an average trader who sticks to his guns.
I added more NOK today. I recommended ECGI at the beginning of March, which I patiently averaged into as well. ECGI Patience, patience, patience....