Successful swing traders learn to adapt to changing market conditions, and that is exactly what we did with the AGIO trade. This stock was a breakout-pullback setup, and had formed a classic hammer formation at support (if you are not familiar with this setup, you will learn all about it in the Swing Trade Report).
We entered off the hammer and had a 10 point target, but decided to take profits early. The early profit taking was triggered based on our assessment of the market. We ADAPTED to changing market conditions. Or concern was realized today as the setup was invalidated. What would have been a 4 point gain would have turned into a 4 point loss, or 8 oint turn around.
What this video as we go into more detail about this setup and why we adapted our strategy.
Now that you have viewed the video, leave a comment with any failed breakouts you have found or question you might have.
My focus list is, market analysis and trade alerts are all featured in the Market Speculator Part-Time Swing Trade Report. If you would like to receive the swing trade report and alerts, sign up for the free trial. Follow me on twitter or email me at SinghJD1@aol.com
