One ticker, two potential entries...

See what style works best for YOU! Good Morning! One of the most essential elements of a trading plan and executing a successful trade is your entry… If you hear about a ticker and see it’s going straight up, it can be tempting to chase and get a piece of the move… But when it reverses shortly after your entry, you’re left wondering what to do. You have [too much size]( and your entry was too far from your risk level. That can [stir up emotions]( and lead to irrational decisions… Maybe you cut the trade too soon and miss out on more upside. Or you hold until your risk and end up with a large loss. In short — bad entries create chaos. That’s not how you want to trade. Patience is key when waiting for an entry. But there’s not one right answer in trading… So today I’ll show you two different ways you can enter trades. See what fits your individual style and what makes sense to you below! Two Ways to Enter a Trade Let’s look at a runner from yesterday and break down two potential entry points. First, my trading style is to buy breakouts above key levels. Yesterday in [Pre-Market Prep]( I said to watch Graphex Group Limited (NYSE: [GRFX](... It was a [Breaking News Chat]( alert for an [upsized initial offering]( and the company announced an [updated business strategy]( It's another Chinese/Hong Kong IPO with a relatively low float. And it had a nice breakout level on the chart…. The $3.50[breakout level]( I was eyeing was Friday’s after-hours high. So the pattern for my trade idea was a dip and rip. Where you enter when the stock breaks above an after hours or premarket resistance level on the chart. Here’s what it looks like… GRFX chart: 2-day, 1-minute candle — courtesy of [StocksToTrade.com]( Ideally, I’ll look for a 2-to-1 or 3-to-1 [risk to reward]( on my trades. With this trade idea, there were roughly 50 cents per share to my risk level. So I’d look for $1 or $1.50 per share of upside. But when a stock [double tops]( that shows you that’s resistance and you should get out... And you can’t ignore signs that it’s time to sell when you're in a trade. But a [SteadyTrade Team]( member pointed out another potential way to trade GRFX that can get you in a trade earlier… Same Ticker, Different Trade Idea If you follow [Bryce Tuohey]( or watch his [SteadyTrade Team webinars]( this may look familiar… GRFX chart: 2-day, 1-minute candle — courtesy of [StocksToTrade.com]( You can see for the first 15 minutes, GRFX trended sideways and [formed a triangle](. Bryce likes to buy when a stock breaks above the upper trendline. Because when a trend breaks to the upside, in theory, it will continue higher. And this strategy can give you entries that are closer to your risk level. Like my trade idea, you’d risk the low of day at $2.98. But you’d enter around $3.15 when the stock broke above the trend line. It was also a reclaim of [VWAP]( But one downside of this strategy is the [resistance levels]( overhead... You can see on the chart you have the regular hours high of the day and the after-hours high from Friday that could act as resistance. One strategy has wider risk but less overhead resistance. The other gives you an entry closer to your risk, but it could fail at resistance. That’s why developing a [trading strategy]( is very personal. You have to find what works for you... Bryce and I are both successful traders. But we have different styles. You can learn from both of us in the [SteadyTrade Team]( and see what works best for you! Have a great day everyone. I’ll see you back here tomorrow. Tim Bohen Lead Trainer, StocksToTrade Look at this pain you could’ve avoided. Both alerts went out right before BBBY fell off a cliff. If you’re a [subscriber]( you don't have to wait until the next morning to go to your computer and see the massive gap down. The news is delivered right to your platform. Sadly, there are a lot of people out there who don’t follow a plan, don’t have [Breaking News]( and just hold and hope... I don’t want you to be one of them. If you are holding a loser, drop the bag and start fresh… Trade with a plan, [use stop losses]( and take profits when you have them. Then [track your data]( along the way. And you’re always welcome to join me daily for coaching in the [SteadyTrade Team](. Have a great Money Monday, everyone. I’ll see you back here tomorrow. Tim Bohen Lead Trainer, StocksToTrade sponsored   [Watch this BEFORE 9:30am!]( Have you seen what Tim Bohen has been up to EVERY morning at 9:30am? [If not, click here now because he’s getting ready to do it again.]( Do NOT wait until tomorrow to see this. sponsored   [[BRAND-NEW] Ultimate Options Trading Blueprint]( Mark Croock just dropped his [brand-new options trading blueprint]( And it’s perfect traders with small accounts… And for a limited time, it's free! 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