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Showing content with the highest reputation on 11/15/2020 in all areas

  1. 1 point
    @Nperez13 You can use hotkeys to trade with a fixed risk. i.e. Wherever you double-click on the chart, that becomes your stop loss and can be equivalent to any amount you choose ($50, $200, $500..) The hotkey can calculate how many shares to purchase (and equity to risk) based on that stop loss you define. So if your stop loss is $0.50 away from the current price, and you program the hotkey for a 1% risk (a.k.a $100 on your $10,000 equity account), then it will automatically purchase $100/$0.50=200 shares for you. Unless the stock is too expensive and you cannot afford 200 shares, then the hotkey can simply purchase the maximum number of shares you can afford, in which case your risk is something under 1%. So your risk can be under your max risk, but never over.
  2. 1 point
    I shared my 15-minute Reversal Strategy on the YouTube Channel. As Marcel pointed out in the comments, you really want to see the volume come in on that new 5-minute high. More volume should pour in when that candle also brings in a new 15-minute high. This will give us the momentum to the upside. I will be adding examples of this strategy that I saw in recent memory. Please feel free to post your own!
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