MRO_TEK long idea
Breaking out from 13 years
VCP in Monthly
VCP in Daily
Not that good in Fundamentals
So take very small position only if Good volumes with Momentum is seen during breakout
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c....
