Not exact matches
Whenever a stock meets our
initial criteria for a potential Blast Off
trade setup, we add the stock to our internal breakout watchlist, then patiently wait for a proper, low - risk
entry point to catch the next momentum wave higher.
As explained on the chart, our
initial buy
entry was on August 14, but we initially entered the
trade with reduced share size in order to minimize risk.
In case you missed our
initial explanation for swing
trade entry into this bullish ETF, we suggest reviewing those two posts above, then read the next paragraph, which details last week's exit strategy.
Our
initial buy
entry into the
trade was just after the market opened (above the previous day's high), and then we added additional shares to the swing
trade when ONXX broke out above the high of its «handle» (the horizontal dotted line).
The volatility is the $ dollar risk from
entry signal to the
initial hard stop exit in case the
trade does not work.
This buy - in typically costs the same as the
initial entry fee and usually brings your virtual tournament balance back to $ 10,000 so you can start
trading again.
This is the RRR all traders know; it measures the
initial conditions during the
trade entry by comparing the stop loss and take profit distances.