Questions:
1) Why would you be paying attention to this stock on Friday, August 22?
2) Is the trend up or down? Would you be looking to get long or short this stock?
3) Where would you get long/short this stock on Friday, August 22?
4) Where would you put the initial protective stop?
5) When would you stop trading for the day?
6) Where would you exit the position?
Answers:
1) Because it was unusually active, and very volatile.
2) Up. You’d be looking long.
3) Attempted long with buy stops above 10:30, 11:00, 11:30, and Noon Bars.
4) No fill, so no stop.
5) Right after you weren’t filled off the noon bar.
6) No fill, so no exit.
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