Tim do you use calculation of float rotations in your trades? Thanks.
Entry comments: I dip bough this earnings winner that spiked into the 7s earlier, wanted to dip buy bigger position into bigger panic in the 4s, but seems to be holding the low 5s well, goal is to make 10-20% bounce, small position since its speculative
Exit comments: No bounce so I cut losses quickly, small losses are fine
Thank you for being a great example of using risk/reward ratio of 3:1 (ref. 13 Orientation Notes). Looks like you were going for a 10% gain but cut losses at around 3% ($5.22) stoploss.
I was in the first time I tried to test VWAP And got shaken out. I wasn’t far off from big wins but these low floats are so gnarly.