After my initial scan, I ended up with 3 stocks that made my final long cull and 15 stocks that made my final short cull. I didn’t get a chance to work on my scan over the weekend, but it would’ve been a big help today. I had to still churn through 155 short candidates – nowhere close to the other day, but still a chore.
I traded BZH off the fifth 30 minute bar. It went nowhere for what seemed like an eternity and then it got moving. I ended up with 5R holding almost to the close. If this had occurred in January, I can almost guarantee that I would’ve been stopped out for pennies or a small loss. I’m really concentrating on waiting as long as possible before moving my initial stop. It’s trades like this one that let me know I’m doing the right thing. Of course, this trade was easy to stay in after it broke the OR low. Most aren’t nearly this cut and dry!
Here’s the StockTickr chart review for BZH.