The first time we traded Facebook it didn’t work out so well and we wound up getting stopped out. Fortunately, we used the 1% rule for managing risk so it wasn’t that bad of a hit. The stock has finally found a level of support
that I think we can count on which is why we are moving back into FB. The stock is showing a slight bearish engulfing pattern today so you don’t have to rush into this position. Take your time and wait for the green candle to form between the $20 and $21 level.
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