How I Traded $YELP (Video)

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There are three things you need for every trade. Below we discuss a short trade in $YELP. More importantly we discuss how intraday traders must not just be right with direction, but also with time (or seeing the catalyst for the trade) AND while controlling your risk/reward.

If you are just right about direction your results will be inconsistent, you will not be scalable, and at times you will place yourself in a position of weakness.


*no relevant positions

One Comment on “How I Traded $YELP (Video)”

  1. Very good point. As a developing trader I can’t count the number of times I have been right on direction and still lost on the stock over all.

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