Here’s Why 2 To 1 Pays The Best Odds
An entry off of a solid setup is only as
good as the money management that you use in order to make those profits your
own. On days such as today when the trend reverses, we can see very clearly
how strong our entire strategy is. Protecting your profits in a choppy
environment is the bottom line when it comes to showing consistent profits in a
difficult market.
09:57:35
Intraday
Setup Alert
From the Nightly Daytraders
Report Symantec (SYMC)
is trading higher out of a FlipTop.
The stock was mentioned in last night’s report as a High RS Reversal candidate,
and the early action has the stock up .72 at 45.13.
Symantec provided an early opportunity to participate with long entries out
of an Opening Reversal formation called the Flip Top. In SYMC’s case, it was
through the session highs, and out of a larger pattern established yesterday. A
nice well-defined trade, but without the discipline to turn your paper profits
into the real thing, all you ended up with was a nice well-defined
entry, and a commission bill to pay to your broker.