Trading with Distance in Mind: the Whole Number and the Resistance Level
Each day, Barrie Einarson, Trade Ideas’ Trading Room Moderator, picks 2 stocks traded during the day - good or bad - that deserve a closer review.
KS – I waited until the stock went through the whole number the second time and took the trade at $35.11. Exited the trade in 2 stages for an average gain of $0.52 per share. Source: KS found using my Lifetime Alert Strategy using Trade Ideas Pro.
BIOC – I traded BIOC on 2 separate occasions for an overall gain of $0.28 per share. Late on my 1st entry, but these small bios have been on fire lately and the resistance was far enough away that I thought the risk/reward was worth taking the trade. Source: BIOC found using my Pre-Market Gainers Strategy using Trade Ideas Pro.
Disclosures:
Commentary provided for educational purposes only. Inclusion of specific security names in this commentary does not constitute a recommendation from Trade Ideas LLC to buy, sell, or hold.
Please use proper risk management when making investment decisions.
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