Sometimes, we see a really really nice setup that is almost too good to be true... in fact, it's so obvious that we're looking at our screens and loving every minute because we know that very soon, there will be a nice move in a stock. Then, as expected, the move comes in a flash, and if we're already in the stock, as I was in JRCC at 19.98, we are prepared to measure the move. But sometimes, the setup is too obvious and it is spoiled! Here, it is cut down by a shooting star and subsequent rounded top. I sent an alert that I was getting out at 20.01 before taking a loss. A good trader should always be prepared for these types of situations!
