How to Avoid Quick, Big Losses
Don't chase price...
This common trade setup is one to avoid if you are are a new trader, especially if you are day trading.
Moves happen fast. the upside is tempting, but the reality is, this setup is a loser for most traders.
Today we discuss a stock that is trading 62% higher in pre-market that left many traders in pain in July after a 2,716% move in just two days.
We review the differences between order flow and tape reading, and why one without the other often leads to quick, big losses.
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