Market Curiosity: Exploring Markets And Systems

October 16, 2013

CORRECTION: TSN, not NGVC: buy after possible ABC correction. -50% (update 1, feb 9)

Filed under: IBD Bounty, Long Calls — Tags: — Jeff Fitzmyers @ 12:46 pm

Buy Jan 30 calls for 1.30.
Stop loss is a close a bit below point C.

NGVC daily oct 15 2013

Related
+ The “IBD Bounty”, a very simple breakout system.

Updated February 9 2014
Apologies — I mixed up 2 posts. The above chart is correct, but the ticker should be TSN. I am deciding, that for this strategy, that stop losses triggers when price goes down significantly for a few days. To the point it’s very unlikely to ever be profitable. Assuming the environment is basically a bull market. The reason why is the call that cost 1.30 could have been sold for at least 2.50 in January. Instead, it was sold for about a 50% loss.

TSN daily FEB 9 2014

 

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