Thursday, October 31, 2013

DISCA long day trade

$DISCA though was very profitable, the 1 min pattern looks ugly. I got in because the daily was awesome and I expected this to go much higher. I bought it above the support at 86 and quickly added to my position. The long play was short lived but I exited at the next whole number. This is the reason why you should always protect your whole number profits.. else it falls all the way back to support.
I teach these as per my strategies.. This is my 5 min power bar strategy..

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