How To Trade Extended Stocks? TJX & BJ 05/21 Case Study!
Hi guys, today we'll touch once again on the topic of extended moves. Thursday gifted us with a picture-perfect comparison of 2 stocks gapping up. One worked flawlessly, second one didn't, however (guess in which I took my trade, d'uh...).
Takeaways from the video:
1) You can't tell successful follow-through from the daily graph itself. You have to watch how it behaves thorough the day. Volume and behavior on key levels are the most important factors here.
2) You may want to risk less initially, adding along the way as long as the stock fulfills your criteria.
Hope this helps you next time you see a nice gapper and possibly saves you some frustration!
Tom | FINEIGHT
Takeaways from the video:
1) You can't tell successful follow-through from the daily graph itself. You have to watch how it behaves thorough the day. Volume and behavior on key levels are the most important factors here.
2) You may want to risk less initially, adding along the way as long as the stock fulfills your criteria.
Hope this helps you next time you see a nice gapper and possibly saves you some frustration!
Tom | FINEIGHT