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SETUPS – Identifying the best opportunities

QuestionsCategory: QuestionsSETUPS – Identifying the best opportunities
Mike Lenahan asked 6 years ago
Hi Pat - Loving your service, as well as your passion for the Market! It is contagious. Your fundamental search for top stocks makes complete sense to me. That, in itself, gives us an 'edge'. The next step is to evaluate these top selections for proper entries, where we can maximize the probabilities of our gain while minimizing our risk. While there are many strategies for doing this, there is no holy grail, of course. I think it really boils down to finding a couple of strategies that we understand well, fit our personality and risk profile, then learn and practice to become the best we can at the chosen strategies. It seems that you have a few strategies that you have found to be valuable and successful over your years of experience.  Can you review for us your top 3 or 4 setups, in order of your preference for the probability of a successful move in our favor? *  Each Setup name
*  What specific characteristics you looking for in each setup?
*  What minimum attributes are necessary for each setup to be valid, and what will make the setup stronger?
*  What specific criteria are you using for each setup to identify the optimal buy point?
*  In relation to the buy point, how much room will you give a stock if it does not quickly move in your favor, after triggering the buy point? Thanks so much!
Mike
1 Answers
Avatar photoOwen Staff answered 6 years ago

Hi Mike,
Video from Patrick:
https://youtu.be/hxL1zjaznq8
Enjoy your weekend!