This is a video of our trade in ONTY yesterday. This trade was an F from all angles. A trade has many parts to it. Entry, exit, target, stop loss, reward to risk ratios etc. All these things need to align before you have a grade A setup. I made the first mistake on chasing the entry at 8.50 then my stop was wrong and my sell price was wrong as the breakout failed. Stops are tricky when your trading breakouts. The best ones are stocks coming out of bases intraday aS that gives you a low risk entry and an easy spot to put your stop. When you chase a spike intraday its all or nothing trade as you have no buffer.
I entered this stock at 8.50 exited it at 8.06. Probably should have sold this at 8.4s
[screencast url=”http://screencast.com/t/OdBCelXPZaf” width=”” height=””]
