BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in RCL
BUY TODAY SELL TOMORROW for 5%
RC8 trade ideas
Sunday Prep 10/31 - $RCL Consumer Discretionary sectorAnother name from the Consumer Discretionary sector that just rejected the underside of the 20d on Friday pretty convincingly. I’m watching for this name to lose 82.5s and then short pops on lower highs. I know that the travel sector can be pretty cyclical and that there is a lot of traveling over the holidays, but this isn’t a swing idea and I’m not concerned about getting short for a day trade if technical levels break and the price action in agreement. The other way you could look to play this is a short on any spike Monday into Friday’s highs/20d with set risk over those levels. Personally would prefer to wait for the first scenario since what I’m really waiting for is the broader market and the Consumer Discretionary sector to give me wind to my back.