Rising devil strategy

[Rhiec 1]

I’ve heard Brian mention this a few times in the chat, and he gave a brief explanation of what the strategy involves this morning.

Can anyone give a more detailed explanation as to exactly how this strategy works?

Thanks!

[Abiel 475]

In case you missed the video 

 

 

[Rhiec 1]

I did miss the video Brian made.

Thank you for your reply!

[Terry Tang 0]

Thank you for posting the video. Why do you put a limit order and have it filled on the way up. Why not short on the way down?

[Kendrick C. 7]

1 hour ago, Terry Tang said:

Thank you for posting the video. Why do you put a limit order and have it filled on the way up. Why not short on the way down?

May be due to SSR. 

And I'm not very sure where the limit and stop orders should we place, too.

[Justin Henning 0]

@Terry Tang I think Brian uses the limit order because at the open the stock is many times moving so quickly that when you trigger your order you can get a very bad fill. This strategy relies on getting a good entry close to VWAP and using a limit allows you to buy exactly under VWAP and assure you are going to get the proper risk to reward out of the move.