Risk vs Best Entry Point
Hi Pat, First of all thank you so much for what you do for us traders. I am excited to be a part of this community and trying to learn trading as a new skill to grow my wealth.
Having said that my question is around the entries that minimize risk and becomes an asymmetric bet achieving the R multiple from 2:1 and up. Would the best entry not be closer to the reversal once volume shows some strength?
The downside is minimal in that and the upside should be tremendous. Again still a newbie so would love to understand your point of view and learn from it. From my understanding – Stock pick, correct entry, stop loss and profitable exit are the main things to worry about. So I am on the 2nd one Entry as you are helping us with the key list.
Thanks in advance!
Nimit
@Owen
Thanks Owen, great explanation and it does make a lot of sense.
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