On our prop desk I encourage our traders to look for stocks that are trending, enter a Trade2Hold, and stay in the position if it is working until there is a Reason2Sell. SMBU offered a free Webinar on Reasons2Sell here. I discuss them in great detail in my latest book, The PlayBook. Below is an example of a Reason2Sell, a Time Stop.
Figure 1.1
In this setup, trader Chapel Hill, gets very short as YUM forms a bearish flag pattern, after an opening drive to the downside, as you can see in the chart above (Figure 1.1) and after a longer term failed breakout in the after-hours (see Figure 1.2).
Figure 1.2
Chapel Hill gets very big against the 69 and 69.25 as you can see from the intraday Read more [...]
On our prop desk I encourage our traders to look for stocks that are trending, enter a Trade2Hold, and stay in the position if it is working until there is a Reason2Sell. SMBU offered a free Webinar on Reasons2Sell here. I discuss them in great detail in my latest book, The PlayBook. Below is an example of a Reason2Sell, a Time Stop.
Figure 1.1
In this setup, trader Chapel Hill, gets very short as YUM forms a bearish flag pattern, after an opening drive to the downside, as you can see in the chart above (Figure 1.1) and after a longer term failed breakout in the after-hours (see Figure 1.2).
Figure 1.2
Chapel Hill gets very big against the 69 and 69.25 as you can see from the intraday Read more [...]