[isatrader]

Isa, I'm a big fan.  Thanks to your postings I'm learning a lot.  I read the book several times but I'm still confused in same cases with some graph.  I have attached, a trade and investor graph of both SBUX and Tesla.  With Tesla as a trader, I'm not sure where to put the next stop, is $329 the next stop? 
In regards to SBUX, is it in stage 3 or stage 1?  If I look at the weekly graph it looks like it is in stage 3 but with the daily, on stage 1.  

In addition, I really miss your posting on this subject and I hope you will continue to post more graph and stages.  In the meantime, I very much appreciate you helping others.

Thanks alphatech, it's good to know that people still enjoy the posts.

With regards to TSLA currently. If you are using the trader method then the stop loss would go a bit below the recent swing low of 327.10 and under a round number. So at least below 325 imo. Ideally, you'd normally want to go below the 50 day MA as well, but in this case it's too far below for that, so the stop would only be below a minor support level, and just under 1x the 52 week Average True Range currently. So it would be a very tight stop, which increases the risk.

       


With regards to SBUX. It recently moved into early Stage 3A on the weekly chart. As when determining the stage that stock is in, we use the weekly chart for the Stage.

The daily chart will look different as it's much faster, and so it can look like it's in Stage 1 on the daily chart when the weekly chart is in Stage 3. But the daily chart isn't the stage. So always look to the weekly chart for the Stage.

I've attached the weekly chart for you.