Here's a chance to help some of the new traders on the page.
What are some of the setups you look for before you buy a trade. Some trading tips you can share?
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Probably my favorite trade out of all trades is the break out.
When a stock takes out the new high on stronger volume than the old high.
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Two things you need to be aware about with Break Out trades.
1) After the stock breaks out it will usually revert back and test the old break out price as a support level.
Then go higher again.
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hot sector, history of spikes, unable to raise and co needs price up as much as you do 😂
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I'm new but I find it convenient to buy whenever the stock price is lower then my cost to lower my average cost, and increase my chances of breaking even and make profit.
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