Centeron631 wrote: ↑Mon Aug 09, 2021 4:30 pm
Never did get an answer to my question of methods/criteria Sol uses to categorize his risk choices and still hope for a reply from Sol or some other in the know.
Also if one is just buying level 2 or level 3 orders and almost always at lower prices (altho recent exception was WDAy at higher price) skipping level 1 for one reason or another, is not one increasing one's odds of success?
Risk levels are discussed in the suggested reading articles. We have risk to reward models that help us determine entry points and help us further determine the risk factor. Initial analysis is done by looking at the pattern and volatility of the stock. They are then put into these models for further validation.
Level 2 and 3 are not always hit, so you also risk on missing out.
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
I have an idea of the risk categories of different plays but how does the risk-reward-ratio change from 1st to 2nd to 3rd lot in a given play?
If I have one lot to deploy and need to decide between A to C (assuming same risk category, e.g. primary candidate in green, buy price hit):
A: deploy the lot as a 1st lot in a new play
B: deploy it as 2nd lot in a play that I am already invested in with a 1st lot
C: deploy it as 2nd lot in a play that I am not invested in yet (because I missed deploying 1st lot for whatever reason)
Is there a general advice on what to choose?
