Is it normal enough that after a trade is filled that it comes back into the flag (bull) and bounces along like that for quite a few days before it thinks about going back up through the original buy stop order level again?
Posted by Charlie Trader on 02 April 2018 02:54 PM

This is something that can happen.

Ideally when the stock breaks out it keeps going, takes out our first profit target and then some more on top.

When the markets are breaking out big time either way, then that's how we make our best windfall profits.

Typically we put a stop under the (bull) or over the (bear) flag, if you're particularly unsure then you can get out of the trade if the stock breaks out and comes straight back into the flag again.

Your losses will be small, and controlled, but you will have more trades stopped out in that way.

Comments (0)
Post a new comment
Full Name: