*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Today my team entered Redbox Entertainment RRDBX at $10 per share. We set an automatic stop loss at $8.80 which would be a -12% loss.
This play has the potential to reach at least 50% above our entry in a very short amount of time. It could also do the exact opposite. We like the chart set-up, but please listen to us when we say that this isn't a safe bet.
stopped out at $8.80. This was a small entry, so it wasn't too bad of a loss. We entered again at $8.90 with a slightly bigger entry. New stop loss is set at $8.70. We are only back in because RRDBX bounced off of a pretty strong trendline today.
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To remind you guys, these are automatic stop losses, not manual due to the high risk of this play.
Đóng lệnh: dừng lỗ
Giao dịch đang hoạt động
Back in at $6.
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ENTRY: $6 STOP LOSS: $5.50
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That stop loss is automatic. We still think RRDBX needs more time before its ready. We're using a small position at the moment.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.