Received 10 Karmas
skatermdw
1
skatermdw Jul 12, 9:37 PM

Thank s for the in sight, so what you are saying let price action and volume dictate what to do. if trade is in my favor enter $600 and then size up or add another $600 or $800 to the play until full size $1700, and sell if it start to go against or drops .5 to 10 cents. I normal allow .20 risk. I appreciate, will try this theory.!!!!

ArtOfWar
ArtOfWar Jul 12, 10:11 PM

I don't use $ amounts. I use shares because it makes more sense but yes you have the right idea. Not an exact science but its about understanding the areas of support/ resistance and where you are within that.

skatermdw
1
skatermdw Jul 12, 10:15 PM

Thank you , I know you are busy and I appreciate it a bunch!!!! Enjoy.

ArtOfWar
ArtOfWar Jul 13, 8:15 AM

All good. Glad to help.

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