I was monitoring ENER, and missed my entry to buy the breakout (after the pullback) on SIRF around 12:30 PM Eastern. However, I wouldn't mind getting in on this current pullback. Waiting to see where this candle (2:00 PM Eastern - See Attached Chart) closes to determine if I should hold or prepare to jump in. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1037291>
I continue to hold all 200 shares of ENER, and plan to do so (assuming the market continues to cooperate) beyond tomorrow. - Spydertrader
After taking a few 2% losses, it's nice to have a good trade. Only trade for today was BTUI. Long at 19.15. Passed FRV, so stop will be moved to B/E
NTRI popped late this afternoon, but volume was 1 MM shares at the close, short of 1.2 MM for FRV by the chartscript. Is there a rule for entering when a stock doesn't strictly meet the morning or end of day rules but is clearly moving out of dry-up on a volume surge? Traveler
If you feel an equity follows the 'spirit' of the rules, then hold onto the stock with both hands - and enjoy the ride. The Hershey Equities rules exist in order to provide a framework for trading profitably. Within that framework, exceptions exist. Knowing when to follow the exceptions (instead of the rules) marks the difference between making some money and making a substantial amount of money. When these situations arise, I note the exceptions in an effort to plan for the future. Learning from our experiences only serves to improve our performance. Good Trading to You. - Spydertrader
We should have a busy day tomorrow. Plenty of stocks in DU before Good Friday. The day prior to Good Friday last year had normal volume.
ENER looks good for tomorrow. If history repeats itself, the breakout might be a few days away yet. We shall see. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1037948>