Here is a trade that I made in RKT this morning.
What you will want to observe here is just how simple the setup is, and more times than not, with a little bit of risk management at your disposal, you can consistently profit from this trade setup.
My Entry on this setup was at 101.24 this morning, and my stop-loss is tight at 97.89, which after today, I’m sure I will tighten up considerably.
Here’s the high-probability trade setup.
Welcome to Swing Trading the Stock Market Podcast!
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Refusing to take a loss when the trade has turned, and the reason for getting into the trade in the first place is no longer valid, is one of the biggest problems traders face. In this video, Ryan Mallory discusses the pitfalls that comes with refusing to take the loss and instead opting to become a bagholder on one's trades.
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