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tmarinshaw_BOWS
Bought too early and hit my stop loss so I waited for a red to green play and bought again making a nice gain. Should have sold a little earlier but I was riding it out to see if it would go up all day.
Execution detail:
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tmarinshaw_BOWS
I think you are looking at my third buy tombor_bows in which I had a super tight stop loss(too tight actually). The second buy in is where I made my money, that was at $4.89. I then sold at $5.081 for a decent profit..
tombro
Yeah, I'm just saying a red to green play as described on page 88 of the book says "describes a stock that opens lower than the previous days close then proceeds to move above the previous close", You said you waited for a red to green play, but that didn't happen to well after you were already in the trade at 10:45ish when it broke above the previous close of 5.13. Just trying to understand. Thanks!
hmm, you may be right.. I always thought of a "red to green" as a stock opening and the bottom falls out at first but then bounces and heads back up. I look for the bar to finally go green after a free fall and buy long. Maybe its just a bounce play but I've always thought of it as a red to green.
Well, as Bella at SMB says, find trades that work for you. Maybe this trade should be called the "Marinshaw Red to Green"!
lol... Bella is right, whatever works
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I'm just curious, you say you waited for a red to green play, but wouldn't that be a buy at 5.13? Did you mean something else? I'm just trying to understand and learn from you.
You're doing great! keep it up!