Remarks by the German finance minister hurt investors' confidence Europe would soon solve its debt crisis, triggering a sell-off in Hong Kong and other global markets.
Earnings season is starting to ramp up today with the release of JP Morgan Chase numbers. The bank reported a 4% drop in third-quarter earnings, which wasn't a surprise.
European markets have pulled back this morning as hopes begin to fade over the rescue package. Earnings from Wells Fargo and Citigroup today proved to be a bit lackluster.
Successful day trading is about discipline, and one of the biggest rules that traders must follow is to never carry their trades overnight. It's called day trading for a reason.
Reading stock charts and identifying the correct buy/sell point from the chart pattern/base formation is key skill of a successful investor. Learn what are the common chart patterns.
So, you missed a stock at its breakout. But since it boasts strong fundamental and technical ratings across the board, it's OK to chase it beyond the buy zone, right?