Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
How are you coming to this conclusion with MVIS? DD, TA? A major catalyst? What?
PlanTradePlanMM
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@drwmck, Thanks. I review charts in M/W/D for 400 stocks. Try to find #1 trend line break/touch, #2 demand/Supply Zone #3 Pattern. in each chart. If the chart looks good, and option strategy also good, I would take it. Some time, the chart is good, but option order is hard to get filled.
TORNADOF5
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@PlanTradePlanMM, hi , what do you think about mvis entry now ?? =/
PlanTradePlanMM
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@TORNADOF5, Right now, it is a new entry point. new stop is 4.9.
TORNADOF5
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@PlanTradePlanMM, 4.9 wow so low LoI , i think you will like those ( OGE,SBLK,VET,PBR.A,LGF.B , what you think
PlanTradePlanMM
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@TORNADOF5, I had too many open positions already. Most of them are loser. I will trade less in 2021
TORNADOF5
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@PlanTradePlanMM, maybe cus market crash wasnt over yet ?? =/ i see many stocks are going up days