A Perfect Fade in AXSM
In tonight’s video, we cover trades in stocks that appeared using our Stock Volatility Box scans.
In particular, we had a really nice trade in AXSM, which gave us a near-picture perfect trade. Our opportunity to short came as price hit our Volatility Box levels at $39.92, just two cents shy of the perfect entry for the entire day.
Our stop was outside of the Volatility Box at $40.65 and our target was at our target line, at $39.22. This gave us a minimum risk to reward ratio of 1:1, and let us trail our targets using the remainder of the contracts.
We also talk about how you can use the Volatility Box scan list from today to generate a list of tickers that you can focus on, as likely trending candidates for the next day.