Look at the daily $FB chart below.
Today is an up day after landing on the support zone. When I see price action acting positive on a support zone after a downtrend, I consider it a low risk trade in trading a bottom. I buy with a stop below the day low which often gives me a low risk trade.
Needless to day, I bought a starter position on $FB with a stop below intra-day low.
My 2 cents.
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not to be a smart a$$
(BUTT)..;))
09/04/2012
so far..
+42.40% $17.69
of which I hold share.
taking profit in 32~33ish
I’d have to look that up..
(posted all trades via pickr)
I did cost averaged up on
12/21/2012
watching to add back full position.
the weekend before it filled the gap up I posted..
Last chance for romance..
(hugely hated..with everyone and their brother neg on Zuck)
http://youtu.be/WlzY6cWpoMQ
I do believe I locked in (+80%ish on that scoop)
truth!
Hey Sooz, my hat off to you for picking a bottom on $FB back in Sep 2012 and selling at the top. Congrat on a well-timed trade.
Let’s see if price can stop falling from here.
Cheers!
thanks, you ‘Fine Young Cannibal’..
straight back to you and your swift moves in~out on day trades.
(too stressful for me)
from history:
took profit
11/29/2012
and more on 1/14/2013(+75%ish profit)
It topped at that (+80%ish and why that % is stuck in my head)
really((REALLY)) the truth!!
may buy some POT..and call it a day.
cost avg up off older position in 37’s
tis the season..
Look like $POT is heading to the Feb 25th support @ mid-$38.xx.
I will wait for a bounce if I’m interested. Thanks for the head-up.
Cheers!