IWM: Bullish Landscape with Strong Support at $243
$iShares Russell 2000 ETF(IWM)$ : The breakout continues, and one of my favorite setups for the week is playing out.
The Volume Shelf is acting as a launchpad, and the moving averages are strengthening the support zone around $243. The landscape is bullish.
Trading is engineering edges that compound.
Study price, not opinions. Master support/resistance like gravity: they hold until they don’t. Place stops just beyond, never “hoping.” Risk 1% to make 2-3%. Rules repeated with monk-like discipline.
Forget home runs. A 65% win rate with 1:2 or 1:3 risk/reward quietly turns $10k into $100k+. Consistency is the only hack that survives.
Being consistent in studying is crucial for becoming a profitable trader.
Dedicating time to learn market trends, strategies, and risk management builds knowledge and confidence.
Adapting to market changes leads to greater success.
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