BIG 5 SPORTING GOODS CORP
Updated
BGFVHi !
Today BGFV stock is a very good candidate for a short.
And here's why.
What's on the chart:
1. historical highs.
2. Strong upward movement with no pullbacks.
3. Closing yesterday's bar below the middle, not far from the nearest level.
Strategy:
Short below the 30.63 level
Important: Risk per trade, stop loss order and TP-order must be set based on your strategy.
NB: I firmly believe and this has statistical and historical evidence that an intraday trader must use an SL-order which will allow him to limit his losses.
So I strongly recommend to my subscribers and students to do this, which can save deposit from losses. I don't welcome trading without an understanding of risk management. If you don't know how to manage your deposit, such basic concepts as risk per trade, risk per day and risk per deposit should be calculated, you'd better take the appropriate training, either at the company or elsewhere.
You will find more ideas for intraday trading in our telegram channel.
Trade closed: target reached
right again)
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