I was out of pocket a few days ago when I bought a full position in $WPRT. Here is my thinking on the trade:
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Joined Apr 1, 2010
8,861 Blog Posts
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I just started reading you, RC, Scott, et al. and am learning a lot. Would you say the 20d SMA is a good stop? Thanks for you time with all your insightful posts!
Thanks for reading.
On WPRT, I would probably stop out below $17.50. I am playing this for the big breakout, not to fall back to the bottom of the triangle and chop around.
I like WPRT even though I had a losing trade in it earlier this year. That large green candle a few days back was a compression breakout.
not long in reality, but long in spirit with you guys