RE: US Stocks - Watchlist and Discussion
(2018-08-21, 08:18 AM)isatrader Wrote: Cronos is dual listed in the US and Canada, so unless you are in Canada, I'd personally look more at the US listed CRON, as it's got much greater volume than the Canadian listing version of the stock and is already close to the 2x volume requirement from just yesterdays trade, so can be fairly confident that it will reach the requirement.That's the only reason I'm looking at the Canadian version as I'm from Canada, it's just easier for me to practice trading without worrying about the exchange rate.
(2018-08-21, 08:18 AM)isatrader Wrote: The ideal trader buy pattern is different to this, so you need to judge this one on other factors if you are considering it. The main one imo is always risk. Where would you put your trader stop loss, and then work out the rest from there whether it's tradeable or not for you.Looking at the base it does seem like the stop loss would be quite far from the breakout point (~32%)
2x 52-week ATR is closer at 6.56, but still around 21%, but not around any support. It does seem like many stage 2 I've looked at has far away stop loss, is there any way to remedy this other than taking a smaller position size?