Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Looked strong on the hourly with oversold conditions, also oversold on the daily and looked like a breakout from a consolidation area. It's blasted through the 200MAs and looks good for another day where it will find resistance at around 57.50 due to some MAs and a fib line there. I'll be taking it off or hedging it by writing an option.
Bought AET May02 74.50 Put option @ 1.95
Looking weak, making lower highs on the daily with negative divergence on the stochastics , looking for price to drop to around $72 where it will find support based on a very significant old top.
I wish I had kept my eye on this one! March 27th looked like a perfect set up with stochastics divergence making a higher low while price made a lower low, and closing above ALL its major MAs. It would have been the trade of the month moving from 428 to 518 in 4 trading days.
WHat can I learn from this? Make it a habit to flick through my stock list and watch for perfect setups like this one.
Bought CSX @ 28.70 , got in this one on a spike down to consolidation area , it already broke through to all-time highs but failed, I expect to see it at 30.00 next week.
Bought SINA @ 59.55 , looking oversold on the hourly and coming off oversold on the daily , a better entry would have been 59.05 where the is a gap to fill.
My projected resistance at around 39.70 was based on some common trading ranges it has proven to like . I just added the range to the March 24 low and put my exit there.
This was a premature exit, it stayed above its open and previous close before taking off, this is another case of not keeping an eye on my recently traded stocks for further opportunites. It looked like a great exit , which it was, but I should have gotten back in. I still have a put option which will likely be a loser.