The Brains Trust-2019, page-341

some ask why don't you call trades...............

it's simple, I could be out the moment I call them.................

goes like this............

I trade aggresive. I try to enter at breakout (PB's flat topped pattern), or with-in 3% of that point. But sometimes I can't. Either a gap up prevents me, or poor liquidity at breakout (similiar to gap), or I just miss the timing. In this case I might enter above 3% of breakout, depending. So, for me, entering above 3% (or so) increases my risk as now I have to add 3% or more to my stop level which is below the breakout point (usually below the resistance point of that breakout, which I now label support).

So, in this situation I like my stock to perform strongly. The idea is to try and have my trade in profit ASAP. So, if i don't get the timing as good as I would like, and the stock starts acting weaker than I would like, I may opt out, usually at End Of Day, and if I called it, I would hate folk to follow, if I'm out.

Trading ( for maximum profit)...............harder than you think!


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