Shopify (SHOP) – Technical Setup Ahead of Earnings
Shopify reports earnings tomorrow, and traders are gearing up for what could be a big move. SHOP has been pulling back significantly as of late, and as earnings approach, the stock is managing to bounce off of one key support level that could result in it testing another.
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The percentage amount for your stop-losses and where to put them at when trading the stock market can be very difficult to determine. In this podcast episode, Ryan talks about times when it works using tight stop-losses versus very wide stop-losses and the tricks that you can use to narrow the stop-loss even further.
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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