Tradin’Waylon Profile picture
Swing/Scalper, Small Caps/OTC, Not a financial advisor, Tweets are for educational/personal records. #RSP https://t.co/OHHeDD9kyo…
10 Jun
SWING THREAD
1)RULE OF 3-
a) At least 3 reasons to buy a stock always.
-Hot Sector
-Floor Buys
-Trend
-Catalyst
-Chart Patterns
-Share Structure
2)FLOOR RULE-
a) A place on the chart that is your dead bottom price.
b)Find YOUR floor using TA
-MAs
-Trend lines,
-Support Lines
-Fibs
c) Create a buy zone around your floor to scale into position(using 3 bullet system)
d) Depending on desired length of trade; Can use multiple time frames for this (D, W, M, 4HR, 1HR)
e) TWO CLOSES BELOW FLOOR EXIT- no question- no emotion, just exit and move on, can revisit if new floor found on stock (You are the calm monk by the lake)
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