I have my position today on the Power play setup.
The stock has huge volume on break out, a strong sign of a stock.
The stock has huge volume on break out, a strong sign of a stock.
Trade active
I don't get a big position today as I'm just getting out in many names on backstop when the market gap down, I'm testing the water. However, I like to see some good action in the upcoming days.Trade closed: stop reached
Ritchie rules: once a stock from a power play moves 10-15% I'm willing to risk 1-2%, most of the time stock will go back to your buy point and bounce back. Today the stock has a 10% gains, but then shake me out at 2% loss. I'm out, simple and plain.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.