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Best Practices – Volume confirmation and setting stops

QuestionsCategory: QuestionsBest Practices – Volume confirmation and setting stops
Mike Lenahan asked 6 years ago
Hi Pat - Enjoying my first day working with the Key list. I have a split screen with the daily on the left and a faster timeframe on the right, as you suggest. I seem to like the 30 min over the hourly, hopefully not being too granular. What are best practices for evaluating volume intraday? I know how important volume is, but if I wait to see the volume, sometimes the move had gone too far. Trying my best to buy as close to the pivot point as possible. Also, what are best practices for setting reasonable stops when making an entry on these setups? I expect that a move will immediatey go my way, and will get out if it does not show quick progress. Certainly, will give it more room as I get more cushion. Thanks
Mike
1 Answers
Avatar photoOwen Staff answered 6 years ago

Hi Mike,
Pat made a video a short while ago that I believe addresses your question.
Here is the link to that post (it will be going out in tonight's Key List email as well)
https://missionwinners.com/chart-study/volume-fine-tune-your-entries-based-on-volume-twlo/
If you would like more, in depth info, just holler back and I'll get Pat on the job.  ;-)