RE: Stage Analysis Beginners Questions
Hi David,
I'd really be interested to hear *how* you enter trades (and manage risk). Do you have any examples to share? Possibly you could spend some time on that in one of the future videos.
The weekly videos are really useful to build up a watchlist, but when waiting for breakouts, I'm usually too late and am worried about a fallback.
I thought about setting a buy limit order, but there I run the risk of a false breakout and I also cannot check the daily volume.
An example to make it more concrete; I'm an investor atm, so typically scan for weekly chart breakouts. I had $PDD on my watchlist. In the week of Nov 28th, the stock broke out of the range and gapped up. The weekly close was ±14% above the breakout level, so I don't want to chase it and risk a significant pullback. How would you practically enter such a stock? If you miss the initial move, how to still enter?