Weight Watchers (WTW) is ready to splurge
Stock: Weight Watchers (WTW)
Long or Short: Long
Entry: $41.75
Stop-Loss: $40.67
Chart: Rockwell Automation (ROK) Daily Swing Trade Setup
Reason for Trade: A lot of accumulation at the lows here in WTW. If it can Clear $42.50, we will be off to the races, and likely run to $45, with an ultimate target of $50
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Refusing to take a loss when the trade has turned, and the reason for getting into the trade in the first place is no longer valid, is one of the biggest problems traders face. In this video, Ryan Mallory discusses the pitfalls that comes with refusing to take the loss and instead opting to become a bagholder on one's trades.
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