There are three things you need for every trade. Below we discuss a short trade in $YELP. More importantly we discuss how intraday traders must not just be right with direction, but also with time (or seeing the catalyst for the trade) AND while controlling your risk/reward.
If you are just right about direction your results will be inconsistent, you will not be scalable, and at times you will place yourself in a position of weakness.
*no relevant positions Read more [...]
There are three things you need for every trade. Below we discuss a short trade in $YELP. More importantly we discuss how intraday traders must not just be right with direction, but also with time (or seeing the catalyst for the trade) AND while controlling your risk/reward.
If you are just right about direction your results will be inconsistent, you will not be scalable, and at times you will place yourself in a position of weakness.
*no relevant positions Read more [...]