Best Day Trading Formula

An Easy way to calculate take Profit and Stop Loss for day trading:
1. Count an average daily moves in $ for the last 3 Months.
2. for example if stock is moving $5 per day on average in last 90 days and if its above 20 EMA count $5 as your take profit from the opening of candle and 2.5 as a stop loss.
3. Let's say you have checked in middle of the day and out of $5 its already moved $3 then what remain for you to take profit is just $2 from the current price to take your profit.

this formula avoid wrong trading decisions and greed as you already know how much stock is moving on average per day anything goes above or below average is abnormal and you should stay away from it in 99% cases :)
$Tesla (TSLA.US)$ $Petros Pharmaceuticals (PTPI.US)$ $Clover Health (CLOV.US)$ $bluebird bio (BLUE.US)$ $Energy Focus (EFOI.US)$ $Reliance Global Group (RELI.US)$ $Vinco Ventures (BBIG.US)$
$Amcor PLC (AMC.AU)$