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Clay starts off the webinar looking at someone who is using a 25% stop loss on a sub 10 dollar stock. We then reverse engineer how we could use that information (and grandma levels) to possibly find a better RvR trade.
We then talk about how Clay locates areas for scalping and walks us through the thought process. He also talks about the next location he would add if it doesn’t initially work out. His first entry gets steamrolled. The chart then consolidates to which is now a red flag for Clay. He accepts he’s going to have a loss and now just attempting to minimize it as best he can. Eventually he taps out before the next move higher. This is a great example of how Clay puts together everything he knows into a trade plan. Technical analysis, risk management, and account management or exposure.