Hi everyone, I hope you are having a great Thursday! In this post I’ll concisely share my thoughts on the day’s action. And share a bunch of stock charts that caught my eye. This report is brought to you by
What you said can't be emphasized enough. "Risk Management is Paramount". After my entry has set up and before I place the trade, I make sure I know the size, the risk, the stop, and what my profit goal is, all onto my trade worksheet. Then I buy. If it's run up so fast that it's passed my buy zone, I wave goodbye and move on. I set alerts for everything. Buy alerts, sell alerts, add alerts, go for a walk alerts, drink a glass of water alerts... Hahaha!
What you said can't be emphasized enough. "Risk Management is Paramount". After my entry has set up and before I place the trade, I make sure I know the size, the risk, the stop, and what my profit goal is, all onto my trade worksheet. Then I buy. If it's run up so fast that it's passed my buy zone, I wave goodbye and move on. I set alerts for everything. Buy alerts, sell alerts, add alerts, go for a walk alerts, drink a glass of water alerts... Hahaha!