Isn’t it usually the case when one stock tanks another rockets. I don’t know why that’s the case, but it certainly is with me.
The key is to close out those trades that go against you and let the winning stocks run.
Just like eat less and exercise is a simple mantra that works for weightloss, cut your losers short and let your winners run works for trading.
But it isn’t always easy.
Anyway, here is $LGF — a nice big gap open this morning followed with a nice run.
And here’s the chart:
The target on LGF is $11.71.