SPRT (FULL) High Volatility Exit Strategies

SPRT (FULL) High Volatility Exit Strategies

so here’s your here’s where your uh stop limit would be right your stop see how long the volatility wick is just all that son of a so see this wick you want your stop below that right and then you want your limit cell to be like i don’t know half a percent or two percent below that between 0.5 and 2 so 0.5 two percent so that way if this breaks to the upside ideally you don’t fill and if it breaks to the downside you would you’ll probably watch this play out uh oh gamestop is turning around fun if gamestop’s gonna rip next this is actually like very good uh this is what it could look like so if we go here now we have a bit of an idea of the trend and go straight down this could technically go up i guess right there so that’s your breakout point so i break out to the upside and so then you can leave this order in place in case this is like a trap right and you can readjust your pennant from there and see if it continues to break upwards at this point if you wanted to you could move your order up your stop up and then once you break above this upper resistance you can start considering canceling the stop loss or the stop limit that’s good right because you don’t want your order to fill if it breaks to the upside so if the this candle should be the most volatile like the first red candle should be the most volatile out of all the candles because then you have like it consolidates after that right so this and this and this and this are less volatile because you’re moving into a period of consolidation and see now it’s broken that upper resistance so i would consider uh removing the order at this point and allowing the price to continue its upward trend now if it then fails this resistance at any point you would just simply place that order back in place so you could do either one right you could leave that order there until you’re ready until you’re ready to uh move actually move it but you can also move it up to that resistance right do you guys see that resistance line there so you can manual so this is almost like a manual trailing stop is you have a you have a resistance right here that you can see so you can move your stop up to that resistance and move your limit up to there right i remember if you don’t have a stop limit and you only have limits then what you do is you just fill out the order form and you wait and if you know i mean you’ve got to be pretty quick on the mouse button or whatever but and then if you have market orders you would probably have sold like uh this green candle here see now it’s failing that so now you want to take this and move it down and you have a decent amount of time and epic pen is crashing but now you want to move it back down to where it was and then you’ll see if it stays within this consolidation pattern like in between these support and resistance levels uh it might be worth more than a million dollars someday pay attention that is a doji this is a doji that’s a doji that’s a doji you’ll see a lot of them especially as like the ben ask spread widens so you can extend this trend line not this one this one live my ass prep thanks chicken tender daddy the point of a stop limit order is that if it fails your limit order immediately goes through but if it doesn’t fail right so if the price never hits here your order doesn’t fill right so if it bounces and goes up you know 10 more you haven’t sold any shares at this low level that’s why that’s why a stop limit is beneficial so like at this point i still would have sold zero shares right because my stop never triggered hold on i want to check gamestop it’s going up not really so this has now become [Music] a continuation pattern instead of a pennant because it’s had enough time to play out this has gone from being like 50 50 to being bullish so now we have a bounce here on this support and see i mean the difference between this pennant and the next pennant i mean during moas could be 50 grand it could be more right if it goes up 10 and it’s at a million you’re at 1.1 right or if you’re at 10 million you’re at 11. so if it rips and halts you know that could be the difference in a million dollars at some point right quick maths 36k cell wall at 1930 let’s see if it rips through it and it could it’s trading enough volume minute by minute but yeah you still have your order your order is still here right oh this will end in after hours or p.m i got that but just curious what will after hours and p.m look like during bus continue to go up go sideways it’ll probably like rip and then go sideways as the liquidity dries out like a cheat sheet with the percentages now if i would say amc is down because of the slacking russell 2000 what would you say not surprised that’s probably also why game stops flat that’s what i would say bart gamestop got shorted a little bit what can we expect concerning slippage i mean you shouldn’t have any slippage if you’re using limit cells you can keep just adjusting your trend line like that as you move through the pattern and it expands and you get more and more information that’s fine right because like the the reason you’re moving it is that you know you’re getting more information with each tick right and you can adjust your patterns based on you know that information printing i was away for 15 minutes get grief game stops at uh 203 202 it’s getting it’s getting shorted right now trying to bring it down back under 200 probably i don’t have a position in spur i’m just doing this to show you guys is this going to be another i said we agreed meme day i mean we’re below my low price prediction right now like four dollars down from it probably and i adjusted too high but i expected way more volume today it’s hard to nail it when our volume is going from like 14 million to 10 million to 5 million it’s not staying like even remotely consistent i’ll forgive you this time that’s fine or don’t i’m having a good time awesome alex says 180 for jimmy now that’s going to be expected for the max payne to move towards the price action nearer nearer to friday i think it was 177.50 this morning so it’s bumped up to the next strike now what’s the price prediction for gamestop next quarter see this is like kind of a struggle between buy and sell so you would have just filled so now you have sold whatever position that was placed here because the price fell through see and your order probably filled up here where the volume is so it took all that time but it did fill i felt and then for the next one you could wait for it to like turn around right so now you just wait and see what happens you could uh if you’re worried about it failing more like hard you can place a much lower stop and limit or maybe you didn’t fill wait did i draw the line wrong hold on i might have drawn that green line wrong i guess it wouldn’t have filled if you were still on this wick you would not have filled yet my mistake sorry i thought i had the lines maybe i moved the screen around did i move the screen around you guys can’t see this because of guy brush got brushing just go to the side for a second i didn’t feel at 18 3 which i’m into okay oh all right i might yeah i feel like i moved it or something but yeah it’s i mean your stop should be still beyond this volatility wick right back here you moved up when it when it went up right and then you moved back down when it went down so how can you tell if you moved your trend line over as opposed to the pattern just breaking to the downside it would break the pattern it wouldn’t matter how far over you moved it right because like if i move it like if i move it out to here right the pattern breaks see wait what’s up where did i have it i can’t remember i’m trying to do this with like continuity which is kind of difficult stop at 1830 did not feel okay if we’re in force liquidation is there a chance that that a pennant breaks down but the next pennant breaks up yes so you could have a you could have one like you could peak right and at that peak so like a lot of people will be selling so it’s really likely that the first peak actually breaks down and then goes into another uh pennant and then breaks up it’s not a spurt stream but i’m explaining how to trade high volatility so very relevant to gamestop smooth gotti beats they’re trying to cover and short simultaneously [Music] yo pickle are you just gonna focus on spurt i am focused on gamestop um i am showing people how to trade high volatility pennants during a short squeeze i don’t even own spurt dude if you’re not learning interested in learning how to trade high volatility penance you’re going to get during mo ass pretty hard but that’s on you man do what you want it looks like both sides winning we have a little better confirmation of this breakout but you still you still really need it to break out above that peak right so that peak at 19.75 we really want confirmation of a breakout above that price level before we start to like move up with the price action which should be happening soon it looks like the bulls are winning i’ll about spurt being on the stream can go and get i’m looking for the man right now and if you had any sense you’d shut your hole and open your mind he i think he realized what was going on here i know some people in the chat have spurt but i’m i’m doing this for the people that have game stop which indicators will you be looking at apart from candles i mean there’s a pattern there right chicken tender daddy we have the ascending triangle that continuation pattern that’s a bullish trend it breaks to the upside initially we had a pennant we have our resistance levels here at 1930 and we have one here at 1880. we have another resistance and upper resistance here at 1975. these are pretty easy to place for the pendants thanks man yeah spurts pretty short not not that short but it’s pretty short like 40 or something like that it’s got a tiny float though so it’s really volatile uh red ranger thank you so much man lars i appreciate that dude i think melvin is short spur i’m not sure though how do you determine the percentage of shares that are part of your stop-loss limit cells that’s up to you you have to break up your position and determine how much you intend to share you intend to sell yeah at each point right you can uh you can be super aggressive and do like 25 25 25 or 25 50 25 um you can be very conservative with your exits and exit 10 at a time or like you could go like 5 10 10 15 20. 40 55 60 and then like uh 15 10 10 and five right so you can do that um it’s up to you entirely if you’re like an x x holder you can exit one share at a time you break it down any way you want that’s a decision you have to make how many exits do you want okay so now it’s breaking uh it’s breaking 1975. um so at this point you could kind of consider like um at least moving your limit cell like your stop limit up or if you you know you don’t have something like you can move that up to this resistance right here at like 1880 right this is a very conservative approach you can also move it up to 1930. as we have you know broken out from that trend and you just follow it right and then when it falls through you sell some and then you just wait and keep doing this how high can spurt go i don’t know pretty high into the like the hundreds maybe gamestop kind of flattened down right now still at 203.27 no no so 1930 is not yet a support it is a resistance right so i said 1880 because that’s where the support is that’s what we bounced off of um we broke through 1930 but it’s never acted as a support right like we haven’t we haven’t bounced off 1930 right we don’t have any confirmation this is just a resistance right now this is a support see as we have been supported by this twice let’s see now we know our next resistance is here at 20 and then we’ll probably get another pennant here right we have our upper trend and i’ll wait for our volatility to play and if our order’s still here like we’re safe on the downside right you’re pretty good at this i’ve been doing it a long time jimmy chart we can check it out we got a second so uh all right hold on um jimmy might be reversing its downtrend now but not enough volume for it to really do anything currently yeah i think it might have hit a low here at 202 it’s going to bounce back i’m watching the price if the price action on gamestop picks up i’m going to switch over um so we’re still down here right um and now now that we have our volatility candle here right we’ve we’ve now confirmed 1930 as a support we can move up right so we move our stop to here just under it right um so like say like 1925 for it and then we can move our limit up to like say 19. and so this is already breaking out to the upside for another test at 20. we got our wedge there now remember be ready to like adjust this as the price action changes did spurt halt today uh might have it might have halted on this run up i don’t know i wasn’t paying attention and see i mean you already have you you’ve already not so you’ve sold zero shares at this point right zero shares sold but you have a price improvement i mean here on this position of 30 cents already at your limit your so your limit your limit has improved by 30 cents and you’ve sold zero shares this isn’t gamestop we’re looking at go to gma oh it’s oh it’s moving oh it’s bouncing very nicely all right that’s enough spur you guys get it that was two penance now you know how to trade penance yeah it’s a double bottom i clipped some of it i’ll just clip i’ll clip the whole thing again now hold on
rn

SPRT (FULL) High Volatility Exit Strategies

rn

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *