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Today we start the webinar explaining why Clay looked at YUMC.
Today we reinterview Rena B to look at her TSLA trade on the 5 minute chart. Her alert was ‘TSLA 5 min LP (launch pad). After discussing the importance of grandma numbers, she explains why she put her stop at 389.87. She was comfortable utilizing the 8sma as her stop loss. While it gets close to stopping her out a few dollars higher, it continues to press through leading to a great profit and a beautiful trend following trade.
She finds a second flag to trade just after her first trade closes and she takes the trade. She does switch to the 2 minute chart and continues to manage her winning trade. She switched to the 2 since it was toward the end of the day and didn’t want to give up much profit if the trade did not work out. She made $171 on the first trade and $91 on the second.