RE: Beginners Questions
Still new to Stan's theory, This is a journal on one of my holdings and I would like to know if I can fix/improve it and what would you do differently. Also, I have a question on trendline in the end.
I bought MSO at 3.58 early Dec when it's breaking out. Set initial sell-stop around 2.87. (In retrospect, that's 19% loss which seems to against Stan's rule of 15% loss)
Sold half of my position at 4.76 because there was resistance from 2012 around that level. ( sold the half position two days ago which I thought I should have done on early January)
Now my question of identifying trendline from MSO charts(see screenshots): Looking at MSO from stockchart website, A, B, C, D four points can be connected. However, same chart from yahoo finance website, only connect the B, C, D points. I am wondering why the difference?
If this is a valid trendline, I will set the sell-stop around 3.8 for the rest of position.
Thanks.