David
David Patrick has traded bond futures,spreads,equities and options for over 20 years. He graduated from The Ohio State University with a degree in Finance, in 1995. He started his business career as a Trust Tax Accountant for National City Bank. He became an Investment Advisor at Olde Discount Stockbrokers in 1998. Five years later he became a top trader for Elite Trading LLC. At this hedge fund, David led a team of traders specializing in bond future spreads to an impeccable track record. In 2008 he branched out on his own and became a very successful Independent Trader. On January 25th, 2013 he successfully launched Fitzstock Charts Premium Service. This elite trading service has helped traders around the world learn his proprietary trading methodology.
David, I believe this trade was a stop out today for daytraders. It was for me anyway.
XLNX was stopped for day traders yes….(swing traders still long vs spreadsheet stops)
David:
Watched this stock try to breakout at 38 three times Thursday. Broke out Friday morning, but closed lower from high while most of market surged. Still above buy point. Is this a lesson in “patience” you talk about, or would you consider it something to factor in its weakness on Friday and maybe consider moving up stop for swing trader. Thanks for a great first month.
You should have scaled out of at least half(booked profits) and leave a runner.
Always trade price, not opinions.