Hubert Senters here.
Had a question from a viewer today. I’m long around $287 on Zoom. Who should I do with it? It depends on how you’re going to hold it.
So before you enter a trade you kind of got to know what your stop-loss is, what your target is, how long you want to hold a thing on every single trade.
So for me, if I were long around here it looks like you got when it went back above the cloud here four days above the cloud which is a decent trade. I like it.
I would put a rule in place if you don’t have one. Are you going to get out when it breaks below the turning line which is the yellow line which you would got out here? Or the standard line or once it goes slightly below the top of the cloud?
One that works pretty effective is either the purple line. If it breaks the purple line it tends to go to the cloud so the yellow line is a little fast from my style. It can whip you out in and out a little bit too much.
So what I would do is if you had a close below the purple line I would definitely trail my stop in case it failed and went to the cloud and it would hid into your profits a little bit more. That’s one way of approaching it.
Good luck. Hope it helps. See you on the next video.
Hubert.
