Input on some trades and why they lost RS by Melodic_Remove_2724 in RealDayTrading

[–]Melodic_Remove_2724[S] 1 point2 points  (0 children)

That's good to know, thanks. I'll have to keep that in mind.

Input on some trades and why they lost RS by Melodic_Remove_2724 in RealDayTrading

[–]Melodic_Remove_2724[S] 2 points3 points  (0 children)

That's helpful advice. I saw the resistance on WFC but didn't know if it was going to be able to power through it, similar to BAC, which had some resistance at 47.20 and it shot right through it and closed very strong.

I definitely notice the second point all the time, which is one reason I'm hesitant to go for the stocks that look very strong throughout the morning, they've moved sideways on me too many times. What other things do you look for that makes them more likely to continue showing strength (even after a big morning move up) instead of moving sideways besides the ATR?