-ER today. ER was good if you ask me...but has faced a large sell off....
-My trade plan was to sell once it broke the price action trend line and or the RSI trend line.... Well both happened today... very aggressive thou when it happened however. Was hard to just say "sell" because they were breaking down so hard.
-I did not specify whether to sell intraday on the break or at close. This was a pit fall in my trading plan. ----> on that subject: had I chose to sell intraday I would have been out of this one a few days earlier, because they crossed that RSI line intraday; however they rallied before day close and thus they did not record a break in that RSI line that day. Just food for thought. BAC had a similiar case on the same day they bounced off their RSI Line.
-My trade plan was to sell once it broke the price action trend line and or the RSI trend line.... Well both happened today... very aggressive thou when it happened however. Was hard to just say "sell" because they were breaking down so hard.
-I did not specify whether to sell intraday on the break or at close. This was a pit fall in my trading plan. ----> on that subject: had I chose to sell intraday I would have been out of this one a few days earlier, because they crossed that RSI line intraday; however they rallied before day close and thus they did not record a break in that RSI line that day. Just food for thought. BAC had a similiar case on the same day they bounced off their RSI Line.
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-Comments are always welcomed and appreciated