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@PradeepBonde All due respect to Pradeep sir, no it's not a good setup. Its choppy, it is not liquid.
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@PradeepBonde No This is a terrible setup. Because this is only a mean reversion move and the target zone is reached. The entry was the short consolidation phase after the bottom bounce. How to catch such moves: Simplest way: Write a breakout scan that stalks/trails the last 5 days.
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@PradeepBonde Set you buy stop order above the range that forms after the first high volume breakout day. Like here at 4 dollar. Give it 5% stop and use max. 20 % position size.
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Qullamaggie on Think in Setups, Not Feelings and Opinions “If you get stopped out of a stock, you need to wait for a new setup. Set up, set up. Sometimes stocks are gonna shake you out, and then it’s gonna go straight up right but if there’s no setup you don’t rebuy it. Think
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Don't overcomplicate trading... master: -One setup -One strategy -One indicator It could be as simple as big base breakout with volume perfect the craft then wary about the rest.
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When I was with @RichardMoglen Monday he saw me looking at the weekly chart during the day and joked saying it’s a crime to look at a weekly chart on a Monday afternoon. That actually gave me a big aha moment and made me understand why people get confused when I say I only look
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