Hello guys, after a solid week for the month, I screwed with a big loss into the second week, then I took a rest for a week to reset. up 18K on the month right now, so going to take it easy next week with focus only on ideal setups.
HTZ - big runner last week that I'm watching going forward. ideally another green day for potential short on the first red day or some consolidation and breakout later in the week.
AREC - potential short into gap up on Monday for a first red day pattern. I will watch for first green day / breakout later this week.
USAR - first green day watch later this week, needs more downside and range to get me interested.
MURA - multiday breakout watch over 3.2
First Red Day (FRD) Questions: 1. How do you identify that a stock is forming a proper First Red Day? (What are the confirming signs you wait for?) 2. When is the most appropriate time to enter an FRD trade? (e.g., on breakdown of morning low, into a failed bounce, etc.) 3. Do you trade panic dips on FRD or avoid them? 4. What signals do you use to exit from an FRD trade? (Do you wait for EOD flush or partial covers at key levels?)
Would love if you could make a video or share your thoughts on these! It would be a big help for me to understand and improve my trading. Thanks for all the great content!
@parvitrade fgd and frd are pretty much the same pattern just the opposite approach, ill do a video.
@shon95 Thanks
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