RCH, Closed for +21%, Missed Big Upside
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Before I start my commentary about RCH, I am a firm believer in No coulda, woulda, shoulda. The trade was closed as per trailing stop order. It was filled at $11.02, so I rode it from $9.07 to $11.07 but I was “washed-n-rinsed”. Since my sale in the very first candle, the stock is up another +60%, all that within a day.
Why I am sharing this? On one hand this is painful, but on the other it is an excellent reminder of need for balance between “Fear” and “Greed”. I followed a trading system and made it mechanical, took the emotions out from it which often are cause for “losses”.
CAM is breaking out to new high, check it out for bullish direction. BTW, some of you have mentioned that you are not getting my alerts timely, pls ensure that mails from OptionPundit doesn’t go to your spam folder.
Profitable trading, OP