Defining your risk/reward as a day trader

[Money Morning LIVE Plus] Thursday, September 15, 2022 Defining your risk/reward as a day trader Hey Reader, It's Garrett. We're here to develop traders, and one of the most important ideas to understand is that basically any chart is tradeable... but hear me out. Obviously, this doesn't mean you just go out and start trading anything and everything. There are some factors to consider outside of the charts, such as the bid/ask spread, essentially telling us how easy it is to get it in and out of our position. If there is a wide bid/ask spread, this tells us it's likely a name we want to avoid. We want stocks we can buy and sell easily. With some of these insane names, like HKD, you can get stuck holding the shares as they sell off, unable to find a buyer anywhere close to what you paid. Not good. But otherwise, it is possible to find trades on any chart, as long as you define your levels and risk/reward. To be sure, properly understanding your targets and stop for a stock trade requires some experience, but indicators like [Average True Range (ATR)]( can help. Of course, you can also just listen and learn from Kenny Glick. He recently looked at some charts and discussed risk/reward for day trading, so take a listen to the [full clip here](... [Understanding risk/reward as a day trader]( Kenny has been doing this for 30 years, so whenever you get a chance to hear him discuss stock charts, I would suggest paying attention. He's in our free trading room every day at 8:30 AM ET. Plus, this weekend he's starting his [Trading Bootcamp]( for less than $50. You can [sign up here](. More coming soon. Garrett {NAME} Executive Producer, Money Morning LIVE Stay Connected [Money Morning Red Alert] The best way to receive the most timely, actionable opportunities from Money Morning is by joining our text messaging service, Red Alert - free of charge. [Text INCOME to 21852]( By texting INCOME to 21852, you are expressly consenting to be texted about investing news, trade alerts and marketing communications from Money Map Press, LLC about Money Morning's Red Alert text messaging service at the phone number you use, even if the phone number is on a corporate, state or national do not call list. You also consent and unconditionally agree to our [Privacy Policy]( and [Terms of Use]( including the arbitration provision and class action waiver contained therein. Your consent is not required to make a purchase. Msgs may be sent using automated technology. Message frequency varies. Msg&data rates may apply. Text HELP for HELP and Text STOP to STOP. You are receiving this e-mail at {EMAIL}, as part of your subscription to Money Morning LIVE Plus. To remove your email from this list: [unsubscribe here]( or manage your Money Map Press [Email Preferences](. To cancel, or for any other questions or requests, please contact our Customer Service team: [Online]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Money Morning LIVE Plus | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday ‑ Friday between 9:00 AM and 5:00 PM ET. © 2022 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore, MD 21201. [Website]( | [Privacy Policy]( | [Terms & Conditions]( [sg_hidden_unsub]