Three Percent Trades: Educational Post
This is an example of how we calculate range movements on a breakout. It comes down to simple math to calculate a measured move.
We simply take the high and subtract it from the low of the range. Then you add the high plus the difference to get your measured move.
If the trade moves in your favor you will want to add to your winners as it trends higher. You should add to your position on future breakouts of consolidation, and on any sign of weakness we sell half our shares to lock in profits and play with house money.
Following this will help protect your hard earned capital and allow you to let your winners run.
We simply take the high and subtract it from the low of the range. Then you add the high plus the difference to get your measured move.
If the trade moves in your favor you will want to add to your winners as it trends higher. You should add to your position on future breakouts of consolidation, and on any sign of weakness we sell half our shares to lock in profits and play with house money.
Following this will help protect your hard earned capital and allow you to let your winners run.
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Scroll back on the chart to see the annotations provided.