Avoiding Stop Loss Idea with RVOL Entry Based Criteria
We dodged a bullet by refraining from executing on $Microchip Technology(MCHP)$ on Thursday, despite multiple ORH and re-ORH price alerts.
Always seek reasons to avoid a trade. If your %risk to equity dictate you to build a trading portfolio of 10 stocks over time, make sure each one is an optimum entry opportunity you simply can't refuse — one worth taking regardless of the outcome.
A losing trade can still be a good trade if the process was sound. In the long run over a batch of trades spread over time, good decision-making is what drives performance.
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