Bought a few shares of QID late this afternoon at 55.15 My stop will be a close below 54.50, which is the low point of this downtrend.
This should be an interesting week.
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This is a journal of my trials of learning to invest using the Investors Business Daily system. I mostly do swing trading, longs, with an R of 1% of my portfolio. Disclaimer: The information presented on this blog is not intended as investment advice. I am not an investment adviser. You should perform your own due diligence. Don't listen to anything I say.
2 comments:
Why? TSV is below its moving average, moneystream is falling and its hugging its 100 day moving avg. If you follow BOP that doesn't look to hot either. Is this a fundamental play? Thanks, PBRs
I bought it because I believed that our correction wasn't over yet. Of course, I got stopped out of it on the follow-through day on Wednesday.
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