It’s a stock that has been good to me over the last few years as I’ve traded it successfully more often than unsuccessfully. This most recent turn, however, has been more difficult.
Here was how NFTRH 580 viewed it last weekend (and yeah, I show my lousy performers right along with the good ones)…
And then today it turns out that all’s fine with Ciena, operationally. It’s up a whopping 15%, turning my paper loss to a 9% paper gain. It never did tick that lower low as the Hammer candle was a true flush and reversal point.
Moral of the story? Two things… patience and balance. Actually, if I were not practicing Thing 2 I’d have not been able to employ Thing 1. I could never be a stand-alone trader of red and green lights because I never ever go to casinos. Ever.
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