*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Today my team entered Redbox Entertainment RRDBX at $10 per share. We set an automatic stop loss at $8.80 which would be a -12% loss.
This play has the potential to reach at least 50% above our entry in a very short amount of time. It could also do the exact opposite. We like the chart set-up, but please listen to us when we say that this isn't a safe bet.
stopped out at $8.80. This was a small entry, so it wasn't too bad of a loss. We entered again at $8.90 with a slightly bigger entry. New stop loss is set at $8.70. We are only back in because RRDBX bounced off of a pretty strong trendline today.
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To remind you guys, these are automatic stop losses, not manual due to the high risk of this play.
๊ฑฐ๋์ฒญ์ฐ: ์คํ ๋ฟ์
์กํฐ๋ธ ํธ๋ ์ด๋
Back in at $6.
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ENTRY: $6 STOP LOSS: $5.50
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That stop loss is automatic. We still think RRDBX needs more time before its ready. We're using a small position at the moment.