Hiltzy
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Posts posted by Hiltzy
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1 minute ago, cordawg said:Hi Everyone,
Does anyone know the Trade Ideas alert settings for the Break of HOD and Break of LOD scanner? Having a hard time finding them.
Thank you!
Write to [email protected]. He has them.
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On 1/19/2021 at 8:09 PM, TonyTrader said:Hey John, could you go over your stoploss management for a stock like TSLA. If you have a $4 stop loss, then how do you take your profit? Is the first partial at 1R? I see that you many times you get out well before -1R loss, what's the trigger to get out of trades earlier.
Thanks
Tony, yes the first partial on $TSLA would likely be at 1R. Maybe 0.5R if it's suddenly really struggling.
Signs to get out early:
- Too much time has passed (you can use 5 minutes as a max)
- Price becomes very volatile after entry
- Price crosses the dollar level many times up and down (like 4 times is dangerous)
- SPY dumps hard after entry
Check out the "Stay In or Bail" portion of the presentation for more information.
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John's High-of-Day Break Trades
in Day Trading Examples and Review
Posted
Can you send these settings to mike@bearbulltraders? He set up the current HOD/LOD TI scanners in the chat room. Maybe he can adjust them if these work better.