I mishandled this stock on an earlier trade (shown on the chart). I was waiting for it to break out of the green box. When it did I went long the next day... rode it for awhile and it came very close to my stop so I sold it. Low and behold a few days later it did what I was looking for when I put the trade on.
Once it took off I did not have a reasonable stop area so I've been waiting for a pullback. We now have that and today when the market is weak this is not only holding up but, advancing. You can see my long entry price on the chart (I'm using Feb $33 Calls which equal about 140 shares since the delta is .65). My stop is just below the low of today's low.
This is in the 3d printing space and has the makings of a monster stock. All TBD. Ideas, not investing / trading advice.
Once it took off I did not have a reasonable stop area so I've been waiting for a pullback. We now have that and today when the market is weak this is not only holding up but, advancing. You can see my long entry price on the chart (I'm using Feb $33 Calls which equal about 140 shares since the delta is .65). My stop is just below the low of today's low.
This is in the 3d printing space and has the makings of a monster stock. All TBD. Ideas, not investing / trading advice.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.