Re: The Defective Parrot. /Lee/Wayne
I understand you.
Was to be a quick day trade.
In at 709 with stop at 712. When it dropped to 706 ish, I lowered stop to 710, fully expecting a bounce up.
Then it hit 701 ish. At that point I said screw it and lowered stop to 705 expecting a bounce before afternoon close. It was about 1.40 est. and it didn't take long to stop out !!!
Hung at 704.50 rest of afternoon, now at 708.75 !! So much for going against the trend unless watching like a hawk !!!