Yesterday and today I had great day trades in FRX. Lots of nice volatility but still typical, dare I say, predictable movement.As I turned on my screens this morning and saw this daily chart, I had to chuckle to myself over the FRX pile driver.
This is a perfect example of why I don't swing trade or ever hold anything overnight.
I want to be able to control the risk in an active manner not be hurled over a cliff strapped into a burning shit wagon. When something extraordinary happens during the day I can take advantage of it in either direction. I sleep good at night too.
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