Menu Close

good break out or bad trade?

Questions › Category: Questions › good break out or bad trade?
0 Vote Up Vote Down
Bruce asked 7 years ago

Hi Pat,
We set the buying price of the Key List stocks, and buy if the price goes higher /w volume. My question is: if the price pull back in the day trade after we buy it, or next day off the high. Then how can we decide to hold and wait for a few days or out of the trade?
Sometimes, I set the stop maybe too tight for such a break out stock. And if the price "squat", then my stop will be triggered. But, if I set 5% for stop point, maybe it's too late to find a fail trade.
 

3 Answers
0 Vote Up Vote Down
Avatar photoOwen Staff answered 7 years ago
Brief Video from Pat... https://youtu.be/HWXko7VSvD0
0 Vote Up Vote Down
Avatar photoOwen Staff answered 7 years ago
From Pat Walker: In this video we analyzed 20 charts on how to handle a trade that does NOT push away in price. What are some of the "triggers" we can use to guide us.   https://youtu.be/yYLmSvMv8as
0 Vote Up Vote Down
Bruce answered 7 years ago
Hi Pat, If you can add some real trading videos for such kind of topics, it would be very helpful and appreciated. TY. :)