The TT Bearish $FB – Facebook – Trade Alert

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What was the $FB trade?

$FB Bearish Trade – Looking for entry if/when it breaks below $280. Stop $281.10. Target $276.82

You can see from the chart below the following:

  1. GreenLine marks the entry price.
  2. Redline marks the recommended exit price for day traders.
  3. The Pink Line is where most Swing Traders would have exited due to needing to hold overnight.

If your interested in reading more article about what Transparent Traders has to offer to check out these below:

  1. How does the Transparent Traders Platform+ Work —> Read More Here
  2. TT Tradingview Breakout Script for Day Trades and Swing Trades —> Read More Here
  3. How to find a target price for stocks —> Read More Here
  4. The Key Stock Market Terms Every Trader Should Know / Understand – Read More Here

For all of you wanting to know how I decide to enter and exit my trades, I have listed those key points below:

  • I have created a watchlist of the tickers I like to trade the most. Download my watchlist right “HERE”
  • I review that watchlist against the alerts from the TT Blackbox each 5-minute interval.
  • I focus on the $VIX. This measures volatility in the market. If volatility is moving up, the market is moving down, and vise versa. This simply means I start here and does not mean I will not trade against the market.  However, I do not recommend that for the novice trader.
  • Once I know the direction of the market, I start to focus on the tickers moving in that direction.
  • Once these tickers alert on the TT Blackbox, I typically wait till the closure of the next 5-minute candle and I enter.
  • I then immediately set a limit sell order for 5%.  Keep in mind I am trading shares in the price range of $30-$400 tickers so 5% is big money.
  • I exit my trades based on two points.  One, being the TT Blackbox stops alerting or alerts in the opposite direction, and two being my 5% target has been met.

Here is a screenshot of the tickers I watch daily:

This list is a starting point for those that, might think I only look at these…

 

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