This stock is on a the brink of a brilliant short-setup and you might want to add this one to your watch-list. I’m in the process of looking through thousand charts for potential setups. This is one of the best ones that I have seen yet.
If it breaks through the 14.80 level, then this stock could get pulverized.
Here’s the Chart on Yahoo!
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Refusing to take a loss when the trade has turned, and the reason for getting into the trade in the first place is no longer valid, is one of the biggest problems traders face.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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