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Shakeouts

QuestionsCategory: QuestionsShakeouts
Scott asked 5 years ago

Hey Pat!  How do you deal with shakeouts?  Many times, I’ll buy a stock on a break above a base, the stock will climb higher on volume, comes back, takes me out with a break of the first 10 minute bar, stop me out, drift lower, consolidate and then take off higher way past my exit price on to new highs. Do you attempt to re-enter the stock on the way back up or just let it go and move on? If you get back in, what’s the best way to get back in and re-define risk? Thanks! 

1 Answers
Avatar photoOwen Staff answered 5 years ago

Hi Scott,
Pat made this video for you:
https://youtu.be/0xdgY9AaUzk

Scott McGregor replied 5 years ago

Pat!! You went above and beyond. Thank you for your insight and never apologize for going too long. Love the detail. Cheers!