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Pullbacktrade

Possible Scalping IdeasI read it in a book, I don't trade this way and didn't test it yet. Anyone trade this way? Some will call it swing trades, but I call it scalping because you aim for a high probability win rate and predefined logical target. Where Locations: 1. Identify resistance/support line 2. Identify trendline 3. Watch pullback to some MA When to Enter: After you see momentum reversed --> the location DOES stop the price (DO NOT TRY TO CATCH THE KNIFE...) How to Manage: You want the trade to go without effort, immediately away from you in your favor. If it tries to scare you, try to get out at break-even or no more than half a point loss. Make sure your profit target is at or before the next "stopping zone" (resistance/support). Cautions to be aware of: - Gap risk is REAL! Check possible historical gaps + Diversify - You want a "beautiful stock", one that you clearly see a wavelike behavior.
NASDAQ:NVDA
by ZoharCho
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