TRO, rule of thumb: "You don't wanna be long below the open price".
To what extent is it important whether the stocks trades above or below its previous close?
Hey TRO ..... I've seen your thread before, but never took the time to actually read through it. Seriously great stuff. Even though I do a lot of volume analysis I do believe that for anyone just trying to trade price action and make steady compound gains you've got a great strategy. I especially loved the time you acknowledged that it's boring ... it doesn't involve endless amounts of charts .... but it does what it's supposed to which is make money. Essentially that is what true trading is.
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