Thus far I am trying to trade between an up trend and the...

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togakure

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23/08/20

11:31

Post #: 46746323
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Originally posted by rmrm06: ↑

I am still learning the stock breakout and how to trade it past the breakout point. I am struggling to even identify a breakout, someone of somewhere its says the stock has broken out, its only then I know.

Thus far I am trying to trade between an up trend and the resistance point. I look at how much profit sits between a particular point in an uptrend to that point of resistance (or perhaps the breakout threshold if that is what its called). This is working, however profit % is limited. So on low risk, low spec stocks, I go in with higher position size and low profit percentage...absolute value of profit still being higher. If the stock quickly changes direction (now I have stop losses mostly ), I would not mind holding these stocks a littler longer. I am keeping it simple as I am still very limited in my TA abilities.

Not sure if i am articulating effectively here

And yes...its still very cold and wet outside as I write this...

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Thus far I am trying to trade between an up trend and the resistance point.

nothing wrong with what ur doing there. if you sizing up your better off looking at mid caps because its got liquidity behind it for you follow thru with your trade.

I noted you traded MSB. may i suggest look around other stocks for high daily ranges and watch them. After enough study u should be able to figure out the ranges and trade from there.

if you learn TA you ll be hopefully look at chart and be able to say which one will like continue its run.
depending on what TA you use. Whatever you decide to focus is your decision so i wont get into it.

but i would suggest to follow @Jako8557

good luck man. Your doing very well and amazed how much progress you have made in such a short space of time.

reading material. One good day trade. Mike Bellafiore. Read this first. park everything else. then we talk strategies.
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