RE:Maybe I was wrong to get stopped out Duediligence33 wrote: Yea I m out for now got stopped at $ 7.79 as previously planned.
I listened to Chart Man Dan on the weekend and he basically laid out the plan.
If it broke the support of $ 7.80 it was time to be in cash.
He may be wrong and I lost $ 2,000 from the $ 8.01 entry but time will tell.
I am VERY bullish on Canopy long term and I want to be in for the inevitable run up to 2018 but I do not want to be bleeding daily in the red.
I will re-try entry at the $ 7.41 level IF it gets there.
If it rises to a higher high of $ 8.81 then the up trend will be in play and I will get in there higher but at least that will confirm the uptrend reversal and it will stay green from there.
Probably an equally good strategy is just to buy at a certain level and stay there holding without the ins and out losses. It is a gamble !!
On the other hand Chart Man Dan said being on the sidelines with cash CAN be a good strategy too. Who Knows. ?? Its all an excting game.
I'll be at the Hershey Tweed Shindig Aug 12 dressed as a clown.
It'll get there, well actually I'm waiting for about 7.55-7.65, then I'll just get back in and be happy with what I have, regardless if it drops.Remember its about # of shares.. If it drops and you have more than you started with, it's a win.