Obviously this one was a screamer but a good example of my
methodical approach. I made 3 chart.
VERU - Chart Link The first one shows the
initial coil (this was a real trade idea here) and where you
initial swing stop would have been placed
VERU - Chart Link - the second chart shows
a follow up after that big pop of 50%. If you kept some your stop
should have been moved up
VERU - Chart Link - the final chart shows
that all price measurements were exceeded so one could have simply
sold it all. And if you wanted to keep a small piece your stop
should now be a #4
VERU as a walk through Educational example
Posted by matt on 17th of Feb 2021 at 01:09 pm
Obviously this one was a screamer but a good example of my methodical approach. I made 3 chart.
VERU - Chart Link The first one shows the initial coil (this was a real trade idea here) and where you initial swing stop would have been placed
VERU - Chart Link - the second chart shows a follow up after that big pop of 50%. If you kept some your stop should have been moved up
VERU - Chart Link - the final chart shows that all price measurements were exceeded so one could have simply sold it all. And if you wanted to keep a small piece your stop should now be a #4
matt; Great example to post
Posted by ridgetopab on 17th of Feb 2021 at 01:20 pm
matt; Great example to post on the trading room wall
Thanks for the details, excellent methodology for trading this gap and go market