This content is restricted to CTU members
Today we look at ROKU on a 5 minute chart. At this point in the chart, we see that we’re getting a wolf candle forming at a key moving average, the 200 sma. Clay discusses what you can and cannot modify when creating a trade plan using RvR. As we scroll the chart we see that some people got filled and others missed the boat. The stock promptly reverses and stops everyone out. This opens up a discussion about mitigation (or selling a portion of your stock before target). While not even close to a home run, this is a good example of the fact that not all trades will work.