NBTY Stock
tops at 14.07 and reverses direction. My stock trading trailing stop which is
set at 25 cents below the high of the day is triggered, and I am out of
the stock trade at 13.80. A very important lesson to be learned here is
that once a stock has rallied off a reversal candle after a sharp sell
off and retraced about 50% of the run up in a few days, the stock can
start trading sideways. Consequently, even if you get a Bottom
Fisher stock trading setup, you must be realistic with your expectations and as always
use stops and trailing stops. This stock trade worked out as well as it
did only because my price target was realistic and the risk of 40 cents
at the entry point was worth the potential reward!
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