It's been a very active day for me for the most part. I've added a number of positions (four in total), closed out WYNN earlier this morning for almost 7%, (only to get back in it again) and now my total count for the day is three long positions and one short position.
The latest trade is here in Tata Motors (TTM). One thing about it though is it has a ton of gaps on the chart, so the possibility exists that the stock could gap right through your stop-loss. It's by far the best setup I've seen on the day though with all the eye-catching patterns, and I'm long at $25.50 with a stop loss at $24.27.
Going Long in TTM at $25.50.
Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida with a wife of seven years as well as one lively son. More >>
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