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After discussing how traders can be stretched too thin, we conclude it would be better to focus on only a few setups instead of being a jack of all trades. After this Clay discusses one of his live trade videos from Friday heading into Memorial Day weekend. This is what he calls top down risk management by utilizing logical stop locations and size. We then analyze MON on the 2 minute based on an alert. We haven’t used the reverse chasing tool in a while but it fits perfectly in this example. After deciding upon a logical pullback entry and stop loss location, we put our orders in and see how it plays out. Some people discuss how they are trailing their winner. A few candles later we see a huge flush but quickly bounces and stops everyone out.

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