Using Different Triggers For Different Trading Styles
There are always going
to be different triggers depending on your style of trading and risk tolerance
levels. Perception of risk is ultimately in the eyes of the
beholder—but, hopefully the amount of risk that one is willing to assume stays in the individual trader’s hands, and not his mind.
10:35:18
Intraday Setup Alert
Inter Parfums (IPAR)
is trading up 2.04 at 28.35 in an intraday
triangle pattern near daily chart price pivots. IPAR is a member of TMs
Intermediate-Term Report.
Multiple consolidations, but depending on who is
pulling the trigger—maybe one, two, three, or possibly no entries at all. If
the individual trader can’t define an acceptable risk to reward ratio that he or
she can live with, then bottom line–there is no entry. In the long run that’s
the only way to keeping making ‘cents’, as other opportunities will always avail
themselves down the road.
Chris Tyler