Hi Roy, quick question regarding CVNA - in the event of H&S failure, would a breach of 86.42 (3% penetration of 84.90) and a target of approx 140 be your read?
Hello. For long positions, I prefer to put low of the day priory to the breakout day. But depending on my risk aversion level I am evaluating the tightness of the stop and accordingly widen or tighten the stop.
Hi Roy, quick question regarding CVNA - in the event of H&S failure, would a breach of 86.42 (3% penetration of 84.90) and a target of approx 140 be your read?
Hi George. Yes that is correct. I updated the chart accordingly. Thank you.
Pleasure, Roy!
Hi thank you for your great work! What is your rule for setting stop losses?
Hello. For long positions, I prefer to put low of the day priory to the breakout day. But depending on my risk aversion level I am evaluating the tightness of the stop and accordingly widen or tighten the stop.