If You are Trading Tightness by just looking at 3 or 4 Tight days. You are giving very less chance to yourself of getting those 8-10 R+ Trades. You need some good R gains to which will make up for your all small losses.
what you should focus to get those high R trades ⬇️
Another way to learn Tight Stop Loss Trading is to study all trades by @iManasArora . Look at his Entries , try nd find out reason for his Entries nd Exits..when you Master one set up, yes you can trade with 1% or smaller SL.
STUDY Past Big Winners nd check how stock moves:
Focus on bigger picture , look for the uptrending stock which are coming out of from the BASE or look for the stock which are consolidating near Breakout area.
Stock which are giving Tight days near 10 or 20 EMA.
As we know Stocks that are trading near 52-week highs are Strong But Stocks that managed to "weekly Close " at a 52-week high have the real potential to make it Big.
2. Volume Spike We always Look for Price and Volume Confirmation for Breakout Trading. This scanner will help you to find the Stocks Which have given a move with Good Volume. You can keep this Stock on your Radar and catch the Next move in them. chartink.com/screener/ankur…