RE: US Stocks and ETFs - Watchlist and Discussion
(2019-07-15, 06:39 PM)isatrader Wrote:(2019-07-15, 05:51 PM)briansmith456 Wrote: KL that you highlighted the other day is breaking out.
It is trying, but is lacking the required volume that I'd want to see so far, as I look for at least more than the 200 day average volume by the close. But ideally 2 times or more on a breakout attempt. If it gets to that level of volume by the end of the day and looks like it will close at a new high, then I might be tempted to get in just before the close. So I'll check back in with it 3.45 EST
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Update, I went long at $44.41 ask just before the close (3:59 EST). Volume was only average, so only a half size position. Will do a full update in my journal thread later.
I bought end of day too keeping in mind what you said about volume. I also did not buy a full position.
How will you now determine whether to buy the next position? Will you wait to end of day tomorrow to see volume again?
Thanks,
Brian