I received this trader question via email on fade trading. Here goes:
After the (well-known trader coach visit) meeting, I've come to realize I don't ask enough questions from the people who are more experienced than I am. Today was a dull day, lost about $150, I don't have a lot of talk about except this APOL trade.
I'd like to know what you think about how I traded this APOL trade:
my idea was to get long on any kind of failure test of the 52 week lows and position myself for a short-covering bounce. the 52 week low was 18.36. the pre-market low was 18.62. the stock made an opening low of 18.52, which i thought was pretty marginal. it didn't really stick and hold lower.
what do Read more [...]
I received this trader question via email on fade trading. Here goes:
After the (well-known trader coach visit) meeting, I've come to realize I don't ask enough questions from the people who are more experienced than I am. Today was a dull day, lost about $150, I don't have a lot of talk about except this APOL trade.
I'd like to know what you think about how I traded this APOL trade:
my idea was to get long on any kind of failure test of the 52 week lows and position myself for a short-covering bounce. the 52 week low was 18.36. the pre-market low was 18.62. the stock made an opening low of 18.52, which i thought was pretty marginal. it didn't really stick and hold lower.
what do Read more [...]