02-20-2007, 05:40 PM
02-21-2007, 06:36 PM
Crocs (CROX) update-- CROX backfilled into the trigger areas. If we are not in it we get one last chance. Secondly, various stop loss area have to hold or his trade will not work out. The SB trade had a 9 in its RI which is not good, but the SC, SD valid quality. The PA room did not have two rooms higher strength verification either, but it has quality in general.
02-26-2007, 02:06 PM
I said late last week in our live class was concerned these CROCS (CROX) room trades would not work out. They are getting stopped out today. Will update with charts as soon as can.
03-06-2007, 06:32 PM
One of the reasons why we manage the trade the way we do taking 1/2 profits off table once breakeven 'initial target' is hit and moving stop loss to breakeven then, is because of situations like this. Often times when a top-quality room trade fails it continues to retrace deeper for a period of time and we really don't want to be in it when this happens.