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Trading Plan (Exit (Priorities (25) (Limit loss >> stop loss,…

- - - - multiple of R, i.e. 2-3R
      - move stop loss to break even
      - sell 1/2
      - trail stop
- - - - stock needs to CLOSE in upper 1/2 of range to maybe stay in
      - if this doesn't happen & this day is also on increased volume >> SELL
        
        especially if combined with CLOSE below MA20
- - - - often occurs when market is generally volatile or weak
      - 2nd setup may be stronger
- - - - higher highs / lows
    - - brief pullbacks (2 days - 2 weeks) on low volume
      - followed by new highs on increasing volume
      - natural reaction
      - 40-50% of time after breakout stock will pullback to or slightly below initial breakout level
        
        normal if stock recovers in 2 days - 2 weeks
      - best stocks tend to rebound faster
  - - - 3/4, 6/8, 7 or 8 in a row is ideal
        
        shows institutional buying
      - "hard to buy"
    - - CLOSE in upper 1/2 of range
        
        exception: very tight price action & range is low
- - - - if it does either reduce position size or SELL as always