Tuesday, April 22, 2008

Entry v R/R

You want to trade the opening rage breakout but you don’t like the logical stop loss point which is the red line showing it on the chart, what do you do?

My suggestions are:

If you don’t fell comfortable about your entry, stop loss or any thing that bother you, you shouldn’t trade that setup.

Usually stocks rally in their OR will rally in the afternoon too, so wait for the right setup to come, don’t jump in some where you don’t like.

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