Lots of volatility here. I entered to optimistically because there had been three bars within the lower bollinger band after a big selloff. But the day after my entry things went further in the downtrend. When the third green bar in a row appeared on 3/9, I got out with a profit at near the days high.
My 'third green candle' rule says that most volatile stocks won't last more than three days without a correction. For these short term swing trades, it might be a little conservative, but the goal with these trades is to make 1% per trading day, not 30% over six months. So every daily candle is significant.
The large green candle on the day this trade was closed is interesting The day started with a very low open because of some overnight trading, then jumped up to levels where I was more than happy to get out of a volatile trade with some profit. As you can see from the daily chart, there was a big sell off the day after I closed with a profit.
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