AMD breaking below critical support.
- EDUCATIONAL POST -
This is a POTENTIAL Trade Setup, an example of what I will usually do, wait for a break of the area, usually price has broken too sharply past said area to make a decent trade, placing an Entry at the 3:1 Minimum R:R Ratio, inside of a Bracket order, so when my entry is triggered, one ALREADY has they're Stop Losses and Targets set, in the event that one couldn't check their trades.
I will also usually split my entries into 1/3rds or 1/4ths inside of the Stop Loss Zone (Colored Yellow instead of Red for this reason), as being averaged into the price like that not only helps mitigate one's losses, but if the trade works, will also, increase gains, earlier & faster Target Entries.
This trade idea comes from how the XLK looks right now, will start examining TECH stocks closer.
- EDUCATIONAL POST -
This is a POTENTIAL Trade Setup, an example of what I will usually do, wait for a break of the area, usually price has broken too sharply past said area to make a decent trade, placing an Entry at the 3:1 Minimum R:R Ratio, inside of a Bracket order, so when my entry is triggered, one ALREADY has they're Stop Losses and Targets set, in the event that one couldn't check their trades.
I will also usually split my entries into 1/3rds or 1/4ths inside of the Stop Loss Zone (Colored Yellow instead of Red for this reason), as being averaged into the price like that not only helps mitigate one's losses, but if the trade works, will also, increase gains, earlier & faster Target Entries.
This trade idea comes from how the XLK looks right now, will start examining TECH stocks closer.
Trade closed: stop reached:
And this is the perfect example of why I like to place entries in such a manner !