I saw this one pop up on the premarket. It was consolidating when I caught it. I watched an entry of 47,000 at the arrow point . . . Red X marked my 5% exit had I entered?
Pre-market, buy inside the triangle and wait for 7 am volume. .85 is good entry. .89 is 5% goal. .92 is a resistance area. Trailing 3% stop loss. Let's see what happens?
@TigerLineTrades
Tiger, I joined your discord for one month. I just finished watching the last of your trading sessions.
What do I do now to gain access to your pro trading floor?
RR: A Stop Buy order is placing your order to enter ABOVE the Resistance Line. The psych behind this is you're catching the breakout on the way up "IF" your order gets filled. I didn't enter this one, though I wanted to . . .
No need for a trailing Stop Loss this way.
LUMN: It was "manipulation" 30 years ago when I started trading, and it's still called "manipulation."
NEVER buy INSIDE THE PATTERN!!!!!!!!!
Use a Stop Buy or a Stop Limit Buy well above resistance. Some young teacher got schooled this am! 🤣