So now you are going for a bounce off support with very little risk of only less than 1%.
Albeit now $BBBY did bounce off that exact support and then went over $19.00 so you could sell for a quick 6% gain.
Little risk + Nice gain potential on bounce.
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Here's a type of trade I don't think i ever shared before.
Lets say you looked at the $BBBY chart and you see the last time it dropped it fell to $18.05.
Now you know that's support.
So you buy around there and let's say if $18.00 gets broken you will set off a stop loss.
