Big Wave Trading video lesson for Thursday’s stock market session.
The speculative sell signal this evening should have been posted yesterday. My sincerest apologies. DRRX failed its 20 DMA yesterday on strong volume. When this happens and we only have small gains you can do one of two things. You can sell half of the position at the market in the morning. Or you can use the LOD of that 20 DMA violation as a sell stop on half of the position. That level was 2.52 on DRRX. DRRX failed that level intraday and I was stopped out of half of my position. My final sell stop on the remaining position will trigger if DRRX violates the 2.22 level. By using the LOD instead of selling at the market, you can help prevent getting whipsawed out of a good trade.
Speculative Sells:
50%: DRRX – Confirming the failure of the 20 DMA, locking in small profits.
