Back to Basics: $PENN, Risk Management, and Patience, We review the PENN trade as I would trade it and do. It’s the simple things that win and make you money. Knowing where to get in/get out of a trade. The patience to wait for your spots to enter and then the plan to use stops if wrong. Penn is simple, buy mid 50’s stop at 52. If it rises mid 70’s expected. Buy low sell high. There it is?
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Recommended Reading
https://amzn.to/37Cvklr
Volume Price Analysis by Anna Coulling
https://amzn.to/37NVvp4
Reminiscences of a Stock Operator by Jessie Livermore
https://amzn.to/38t20hm
2022 Stock Traders Almanac by Jeffrey Hirsch
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This video is for informational and educational purposes only. These are not recommendations to buy, hold, or sell any stock or security. I may hold positions in some of the equities mentioned, know your time frame and risk tolerance. I am not a financial advisor. Trade at your own risk.
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