BFLD Recap- How The Scenarios Helped Stay Away From It
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BFLD Recap: How The Scenarios Helped Stay Away From It
Good Evening Fellow Traders
BFLD did not even have 2-3 minutes of upside move and then right away it was met with selling.
As was covered in our email this morning, this trade did not trigger as there was no follow up in the upside momentum, the selling pressure came in, almost immediately at 9h32.
Remember the 4 Scenarios I gave you this morning.
Below is a 1Minute chart, which I rarely use, but it�s the only way I can show you this small gap after the open, and this basically killed any chance we could have of having a good entry point for this trade.
Based on the trading scenarios I gave, everybody should have been out of this trade until a right bounce or entry was presented. And if you did enter, I just hope that you had a clear stop loss in place for this stock.
So there is not much else to say other than I am looking for some other trades that can keep their momentum, but obviously as the general market is taking a hit, so is the small cap market.
I will keep looking our next great trade and to get us back to our winning streak.
Have a great evening.
Alexander K. Neumann
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