Trade of the Day - Apple Computer Inc. NASDAQ: AAPL
This was my best trade on the Fed announcement. Volume just took off and so did price. You'll notice that in AH trade, AAPL gave back all of its post fed gains due to an announcement concerning stock option grant irregularities.
I think my Sunday (July 2) afternoon post on low volatility breakouts will answer most of your questions. As I said in my email, I think you power scalped this one and your exit was good. Next time you might want to try exiting only 50% of your position and holding the balance for a bigger move.
This was my best trade on the Fed announcement. Volume just took off and so did price. You'll notice that in AH trade, AAPL gave back all of its post fed gains due to an announcement concerning stock option grant irregularities.
1 comment:
Hi Glenn,
I think my Sunday (July 2) afternoon post on low volatility breakouts will answer most of your questions. As I said in my email, I think you power scalped this one and your exit was good. Next time you might want to try exiting only 50% of your position and holding the balance for a bigger move.
Let me know how it works out.
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