NBTY 10/3/01

 

stock chart

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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