$Warner Bros Discovery (WBD.US)$ bought at 7.62 avg last nig...
sold half for profit at 8.35. stop set at 8.19, 1 cent below the range I chose on the 30min chart.
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MitchBrannon OP : risk mitigation I've been using is: identifying a tightening range in a market leader for the day, ideally super high volume and always above 1B market cap.
set order at or slightly above bottom of intraday range, ideally with a VCP or cup and handle on 15m or 30m. good news helps but technicals and crazy volume can carry a trade if you get in at the bottom of a settling range.
then you set your stop like a bit below the range because that's a downtrend