It’s darn near impossible to catch a new trend right at the start. Many traders wait for a trend to establish itself and then pounce on it during a pullback.
We’ve put together a demonstrating how to use platform to do just that,
We bought 1/2 position around $14.30 and placed an order for 1/2 position at $13.00, where it could dip to because it is where the prior swing high was.
Finally, for our stop loss, we created an alert at $12.00, which was prior swing’s low point, and where we would give up on the trade if price breaks that level. There’s a solid Support Zone around $12.50-$13.00, but we would give it some additional cushion for this trade to play out (hence $12.00 price alert)