Tried the EMA breakout strategy with some hypothetical trades in the stock market.
I'm not losing hope, but so far I don't seem to have any winners.
I "purchased" JMBA at 2.02 this morning. It now sits at 2.01. I was hoping for another big move up. Everything about the setup looked so promising. On the day timeframe, the price crossed the 100 EMA, and it was hugging the upper Bollinger Band. Perhaps today was merely a correction from yesterday's big gain and tomorrow I'll wake up to some good news!
I also "purchased" a stock called CIGX. It had the same setup as JMBA, except the price was not hugging the upper Bollinger Band. I entered at 3.56, and it currently sits at 3.40. I go back and forth on what I should do with the stock. I'm not confident it's poised for huge breakout, so more than likely I place a sell order for a meager 2%-3% gain.
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