AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
How to Make More Money With Limit Orders
If the market's in a trading range and it's reversing up from the bottom, I will take a stop entry trade. Half the time, approximately, maybe more, I'm placing a limit order to buy the low of the current bar - betting that the bear breakout will most breakouts fail. Most traders starting out should trade with stops, but most of the bars on the chart, a stop order is a losing strategy. And so, for most of the Bars on the Chart, I am doing the opposite. I'm looking to sell above bars, I'm lookingto buy below bars.