One of the most important aspects of a successful investor is an exit strategy. Knowing where to admit you’re wrong and getting out of the position can save you a lot of money and stress. My exit strategy in brief, is to place a sell stop immediately after I...
One of the best chart patterns to trade is the breakout of a nice long base. The longer a stock is in a basing pattern the greater the potential for a powerful move once it breaks out of it’s base. The best breakouts are on high volume. When high volume is...
To begin let’s clarify what a stop order is, this is the definition from www.sec.gov Stop Order A stop order is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the specified price is reached,...
