Rocket Mortgage (RKT) Long Setup
Good afternoon everyone,
This is my first post on this account but I have been spending the last four years or so analyzing technical analysis on equities, futures, and crypto currency. Almost all of my published ideas will be based on the following three principles/rules.
1. 1% Risk: This is the most important rule in my trading technique. No one should EVER risk more than 1% of their entire account on any single position.
2. Stop Loss: ALWAYS use a stop loss. This rule is extremely important and should be implemented with rule one.
3. Take Profits: Profit taking should always occur. Your first profit target for your position should cover your possible 1% stop loss, if not more.
As I continue to publish my ideas, I will explain the methods that I use in more detail!
Good luck and happy trading!
This is my first post on this account but I have been spending the last four years or so analyzing technical analysis on equities, futures, and crypto currency. Almost all of my published ideas will be based on the following three principles/rules.
1. 1% Risk: This is the most important rule in my trading technique. No one should EVER risk more than 1% of their entire account on any single position.
2. Stop Loss: ALWAYS use a stop loss. This rule is extremely important and should be implemented with rule one.
3. Take Profits: Profit taking should always occur. Your first profit target for your position should cover your possible 1% stop loss, if not more.
As I continue to publish my ideas, I will explain the methods that I use in more detail!
Good luck and happy trading!
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