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.
Transaction en cours:
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 fermée: ordre d’arrêt atteint:
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.