Peace Team. This is the only stock I noticed from the watchlist today. My approach is a buy stop above VWAP, (or can wait for a "break and close" if U dig) with a 20 cents target and a stop loss under VWAP. If price goes below VWAP that is an indication of sellers. Price moves or it don't :O) No risk if price doesn't move. The reason for the stock setup? It's out-trading it's average volume and Float...110 million current volume, 11 million average volume, and 11 million float. If price doesn't move, then no trade. A Teacher mentioned that there are usually 1 to 2 trades a week? So, the goal is capital preservation and risk management.
Ongoing Grasshopper rules:
Trade small number of shares (ex: 5 shares)
Do one thing, "it works if you work it". Create a time block, and honor the devotion to your process routine...it's your peace
When consistent as a trader, then can compound gains over time.
Where there is a will there is a way...peace
Ongoing Grasshopper rules:
Trade small number of shares (ex: 5 shares)
Do one thing, "it works if you work it". Create a time block, and honor the devotion to your process routine...it's your peace
When consistent as a trader, then can compound gains over time.
Where there is a will there is a way...peace