Hi Pete,

What made you decide to move your stop up on URBN? Just asking because maybe I need to be moving stops up even if not adding shares.

Thanks!

Nicole

And super helpful reply about following the system and not getting lost. Thank you so much!

Hi Pete,

Ok I must have made a mistake when I moved my stop loss up. Because I was stopped out on a preset stop loss that I set when I added shares. Oops!

Nicole

Hi Pete,

I have a couple of questions from Saturday’s call, then I would like to look at a trade I was stopped out of.

1. What parameters should we use to scale down a position once we are in it? I was following the trade management guidelines and moving stops up which would take me out of the full position instead of selling some of my…

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Ok thanks!

Hi Pete,

Do you think it is a good idea to avoid placing swing trades until after the first 30 min from market open? Finding a lot of volatility in the morning. Trades opening, but then pulling back.

Thank you,

Nicole

Hi Pete,

Looking to open a trade on RY. SPY, QQQ, and DIA all had red days yesterday. Spy holding support around 679 level. QQQ closed below 20 and 50 day MA further demonstrating move out of tech. Smaller move down on DIA. Slight increase in VIX, but still low amount of fear in market. Canada’s inflation rate unchanged as of December 15th so…

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Hi Pete,

I’ve been watching COCO for the last week or so. Came up on my finviz scans and in discord. SPY and QQQ had a well offered candles on Friday with large volume. DJA also red, but less volume and still had higher highs and lower lows. VIX around 15 so not a ton of fear in the market. Consumer defensive sector and non-alcoholic…

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Hi Pete,

Can you please go over the trade management rules for a breakout trade from a swing trade perspective? I believe this focuses more on a breakout from a range rather than looking for a specific candle to time entries and exits. Are we looking at the highs and lows from the range/period of consolidation as a whole to determine optimal…

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Hi Pete,

I’m liking the CSCO chart. It has the heavy volume push and light volume pause pattern with an inside day candle Dec 11th. Industry group performing well and is mostly green for the monthly and weekly time frames. Stock has bullish order flow in all time frames. SPY also held the bid and is close to making all time highs which is good…

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