(Click On Chart To Enlarge)
From March 12:
"If this ISN'T a Bullish Wolfe Wave, stop a long trade out if Friday's 18.08 low gets taken down."
From March 22:
"18.08 got taken down in CROX, so I was stopped out for a loss."
It's never fun to take a loss, but when a stock isn't acting well, it's preferable to take a loss rather than allow the trade to turn into a disaster. CROX warned on earnings after yesterday's close and is indicated to open near $12.50, down about 30% from yesterday's 17.79 close. Yikes.
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