Entry: $51.14

Risk: $2.54

3X Risk: $7.62

IPT: $58.76

My numbers changed by .03 for the IPT. Not sure why. Maybe the ATR changed.

Example: How to place a buy stop limit order.

• I want to buy with a limit order of $50.25.
• The current price is $50.
• My stop price is $50.20 (five cent window)

A buy stop-limit order is a type of order where you specify both a stop price and a limit price to control the conditions of the trade. Here’s how you can set up a buy stop-limit order…

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Hey Jerry

We should be finished migrating the remainder of the courses from the previous website this weekend.

If there is a particular course that you can see but don’t have access to please reach out to our support team and we’ll get it fixed for you immediately.

Pete

Inside day scan

https://swingtradebot.com/scans/inside-day

swingtradebot.com

Stocks which had an Inside Day on 2024-12-09 - Scan Results | NYSE,

Swing Trade Stock Screener: Stocks which had an Inside Day on 2024-12-09 - Scan Results | NYSE, NASDAQ & AMEX

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Two Exit Strategies for Poor Man’s Covered Calls

John details two primary exit strategies for managing Poor Man’s Covered Calls (PMCCs). These strategies address both scenarios: when the underlying stock moves against your bullish position (downward price movement) and when it performs exceptionally well, exceeding your anticipated gains…

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Criteria for PMCC Candidates: Poor Man’s Covered Calls

John outlines specific criteria for selecting stocks suitable for the Poor Man’s Covered Call (PMCC) strategy. While he acknowledges that Nvidia, the stock mentioned in Angelica’s question, exhibits an uptrend and appears promising, he reveals that he personally wouldn’t have chosen it for…

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Optimal Trade Management and Risk Assessment

The optimal approach to trade management and risk assessment involves understanding the type of trade you are making, committing to a strategy, and adjusting your approach based on market conditions.

Identify your trading strategy: Determine if you are trading based on order flow or…

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Main Themes

1. Importance of Pauses and Optimal Entries

Pete consistently emphasizes the importance of pauses in a stock’s upward movement. They argue that chasing a stock that has already experienced a significant rally without a meaningful pause often leads to suboptimal entries with a less favorable risk/reward ratio.

Examples: Pete cites SNOW…

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Stocks Discussed

ONON: This stock is in a strong retail group and has a perfect setup. It has had a good push with decreasing volume, holding well since earnings came out. The monthly chart is at all-time highs. The average true moves have decent volatility. The consumer cyclical and retail apparel and footwear sectors are strong.

SQ (Block…

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