MaoXian -- Trading for Dummies -8

Apollo Group, 30-minute Chart
Questions:
1) Why would you be paying attention to this stock on Thursday, August 28?
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 Thursday, August 28?
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 … (APOL became a top unusual suspect on 8/27.)
2) Up. You’d be looking long.
3) Long at 62.09 on a buy stop above the 11:00 bar.
4) Tighter: 61.86. Looser: 61.81.
5) Right after you enter the position or lunchtime, whichever comes first.
6) End of day. Could sell half, carry half, or just close it all at once.
Cat:
Trading for Dummies Time: 6:00 pm (utc+8) Comments (0)